New Mexico § 9-15-53 Definitions

New Mexico Statutes

§ 9-15-53 — Definitions

New Mexico § 9-15-53

Ch. 9Executive Department

Art. 15Economic Development Department

This text of New Mexico § 9-15-53 (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. § 9-15-53 (2026).

Text

As used in the Minority Business Assistance Act [9-15-52 to 9-15-55 NMSA 1978]: A. "department" means the economic development department; and B. "minority business" means a business, with its principal place of business in New Mexico:

(1)the majority ownership of which is held by individuals who are residents of New Mexico and African Americans, Hispanic Americans, Asian Americans or Native Americans; and (2) that employs twenty or fewer people.

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As used in the Minority Business Assistance Act [9-15-52 to 9-15-55 NMSA 1978]: A. "department" means the economic development department; and B. "minority business" means a business, with its principal place of business in New Mexico: (1) the majority ownership of which is held by individuals who are residents of New Mexico and African Americans, Hispanic Americans, Asian Americans or Native Americans; and (2) that employs twenty or fewer people.