Any holder of bonds issued under the provisions of the University Research Park and Economic Development Act or any coupons appertaining thereto, and the trustee under any trust agreement or resolution authorizing the issuance of those bonds, except as the rights given pursuant to that act may be restricted by a trust agreement or resolution, may, either at law or in equity, by suit, mandamus or other proceeding, protect and enforce any and all rights under the laws of this state or granted by that act or under the trust agreement or resolution or under any other contract executed by the research park corporation pursuant to that act, and may enforce and compel the performance of all duties required by that act or by the trust agreement or resolution to be performed by the research park corporation or by any officer thereof.
History: Laws 1989, ch. 264, § 15; 2007, ch. 247, § 12.
The 2007 amendment, effective June 15, 2007, changed the name of the act.
Structure New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 28 - University Research Park and Economic Development
Section 21-28-1 - Short title.
Section 21-28-2 - Research park; purpose.
Section 21-28-3 - Definitions.
Section 21-28-4 - Research park corporations; authorization; members; terms; meetings; bylaws.
Section 21-28-5 - Powers of university as related to research parks.
Section 21-28-6 - Powers of research park corporation.
Section 21-28-7 - Limitations on application of laws.
Section 21-28-8 - Issuance of revenue bonds.
Section 21-28-9 - Status of bonds.
Section 21-28-10 - Refunding bonds.
Section 21-28-11 - Trust agreements authorized.
Section 21-28-12 - Pledge of assets or revenues of research park corporation.
Section 21-28-13 - All money received from sale of bonds deemed trust funds.
Section 21-28-14 - Limitation of liability.
Section 21-28-15 - Rights of holders of bonds.
Section 21-28-16 - Legal investments; tax exemption.
Section 21-28-17 - Annual report and audit.
Section 21-28-19 - Gifts by persons, corporations, institutions and associations.
Section 21-28-20 - Conflicts of interest.
Section 21-28-21 - Dissolution of research park corporation.
Section 21-28-22 - Agreement with the state.
Section 21-28-23 - Work to conform to federal law when aided by federal appropriations.