New Mexico § 53-7A-2 Purposes

New Mexico Statutes

§ 53-7A-2 — Purposes

New Mexico § 53-7A-2

Ch. 53Corporations

Art. 7AEconomic Development Corporation

This text of New Mexico § 53-7A-2 (Purposes) 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. § 53-7A-2 (2026).

Text

The purposes of the Economic Development Corporation Act are to: A. promote, stimulate, develop and advance business, prosperity, employment and economic welfare in the state and among its citizens; B. encourage and assist the location of new business and industry in this state and the rehabilitation and expansion of existing business and industry; C. cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of industrial, commercial, agricultural and recreational developments in the state; and D. provide for the creation of a nonprofit corporation with the responsibility to work with communities throughout New Mexico in effectuating these purposes in a manner that can be quantified and measured.

Free access — add to your briefcase to read the full text and ask questions with AI

The purposes of the Economic Development Corporation Act are to: A. promote, stimulate, develop and advance business, prosperity, employment and economic welfare in the state and among its citizens; B. encourage and assist the location of new business and industry in this state and the rehabilitation and expansion of existing business and industry; C. cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of industrial, commercial, agricultural and recreational developments in the state; and D. provide for the creation of a nonprofit corporation with the responsibility to work with communities throughout New Mexico in effectuating these purposes in a manner that can be quantified and measured.