New Mexico Statutes 56-2-1. Definitions
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As used in this act N.M. Stat. Ann. § 56-2-1 to 56-2-4:
Terms Used In New Mexico Statutes 56-2-1
- 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.
- 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. “person” means an individual, partnership, corporation and association;
B. “debt adjuster” means a person who acts or offers to act for a consideration as an intermediary between a debtor and his creditors for the purpose of settling, compounding or in anywise altering the terms of payment of any debts of the debtor; and, to that end, receives money or other property from the debtor, or on behalf of the debtor, for payment to, or distribution among the creditors of the debtor;
C. “debtor” means an individual, and includes two (2) or more individuals who are jointly and severally, or jointly or severally indebted.