New Mexico Statutes > Chapter 72 > Article XV – This Compact Shall Become Binding and Obligatory When It Shall Have Been Ratified by the Legislature of Each State and Approved by the Congress of the United States. Notice of Ratification by the Legislature of Each State Shall Be Given by the Governor of
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Other versions
| § 72-15-20 | [Notice of approval.] |
| § 72-15-21 | [Ratification and approval.] |
| § 72-15-22 | [Commissioner.] |
| § 72-15-23 | [Rio Grande Compact.] |
Terms Used In New Mexico Statutes > Chapter 72 > Article XV - This Compact Shall Become Binding and Obligatory When It Shall Have Been Ratified by the Legislature of Each State and Approved by the Congress of the United States. Notice of Ratification by the Legislature of Each State Shall Be Given by the Governor of
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.