New Mexico Statutes

§ 47-12-2 — Definitions

New Mexico·Ch. 47 Property Law·Art. 12 Land Use Easements
As used in the Land Use Easement Act: A. "holder" means any nonprofit corporation, nonprofit association or nonprofit trust, the purposes or powers of which include retaining or protecting the natural or open space values of real property, assuring the availability of real property for agricultural, forest, recreational or open space use, protecting natural resources or maintaining production uses of real property; B. "land use easement" means a holder's nonpossessory interest in real property imposing any limitation or affirmative obligation the purpose of which includes retaining or protecting natural or open space values of real property, assuring the availability of real property for agricultural, forest, recreational or open space use or protecting natural resources; and C. "third-par

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Legislative History

Laws 1991, ch. 15, § 2.

Nearby Sections

15
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