New Mexico § 53-20-2 Definitions

New Mexico Statutes

§ 53-20-2 — Definitions

New Mexico § 53-20-2

Ch. 53Corporations

Art. 20Foreign Business Trust Administration

This text of New Mexico § 53-20-2 (Definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 53-20-2 (2026).

Text

As used in the Foreign Business Trust Registration Act: A. "business trust" means an entity engaged in a trade or business that is created by a declaration of trust that transfers property to trustees, to be held and managed by them for the benefit of persons holding certificates representing the beneficial interest in the trust estate and assets; and B. "foreign business trust" means a business trust formed under the laws of a state other than New Mexico.

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As used in the Foreign Business Trust Registration Act: A. "business trust" means an entity engaged in a trade or business that is created by a declaration of trust that transfers property to trustees, to be held and managed by them for the benefit of persons holding certificates representing the beneficial interest in the trust estate and assets; and B. "foreign business trust" means a business trust formed under the laws of a state other than New Mexico.