New Mexico Statutes 66-1-4.10. Definitions
As used in the Motor Vehicle Code:
Terms Used In New Mexico Statutes 66-1-4.10
- Contract: A legal written agreement that becomes binding when signed.
- Grantor: The person who establishes a trust and places property into it.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
A. “laned roadway” means a roadway that is divided into two or more clearly marked lanes for vehicular traffic;
B. “law enforcement agency designated by the division” means the law enforcement agency indicated on the dismantler’s notification form as the appropriate agency for the receipt of the appropriate copy of that form;
C. “lawful status” means the legal right to be present in the United States, as that phrase is used in the federal REAL ID Act of 2005;
D. “license”, without modification, means any license, permit or driving authorization card issued by a state or other jurisdiction recognized under the laws of New Mexico pertaining to the authorizing of persons to operate motor vehicles and includes a REAL ID-compliant driver’s license and a standard driver’s license;
E. “lien” or “encumbrance” means every chattel mortgage, conditional sales contract, lease, purchase lease, sales lease, contract, security interest under the Uniform Commercial Code [N.M. Stat. Ann. Chapter 55] or other instrument in writing having the effect of a mortgage or lien or encumbrance upon, or intended to hold, the title to any vehicle in the former owner, possessor or grantor; and
F. “local authorities” means every county, municipality and any local board or body having authority to enact laws relating to traffic under the constitution and laws of this state.