New Mexico Statutes 53-19-59. Conversions and mergers; definitions
As used in Sections 53-19-59 through 53-19-62.3 N.M. Stat. Ann.:
Terms Used In New Mexico Statutes 53-19-59
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A. “corporation” means an organization incorporated under the laws of New Mexico or a foreign corporation;
B. “general partner” means a partner in a partnership and a general partner in a limited partnership;
C. “limited partner” means a limited partner in a limited partnership;
D. “limited partnership” means a limited partnership created under the Uniform Limited Partnership Act [repealed], a predecessor law or comparable law of another jurisdiction;
E. “partner” includes a general partner and a limited partner;
F. “partnership” means a general partnership under the Uniform Partnership Act [54-1A-1202 N.M. Stat. Ann.], a predecessor law or comparable law of another jurisdiction;
G. “partnership agreement” means an agreement among the partners concerning the partnership or limited partnership; and
H. “shareholder” means a shareholder in a corporation.