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.
History: Laws 2001, ch. 200, § 84.
Effective dates. — Laws 2001, ch. 200, § 101 made the Foreign Business Trust Registration Act effective July 1, 2001.
Structure New Mexico Statutes
Article 20 - Foreign Business Trust Administration
Section 53-20-1 - Short title.
Section 53-20-2 - Definitions.
Section 53-20-4 - Name of foreign business trust.
Section 53-20-5 - Prohibited change of name; penalties.
Section 53-20-6 - Application for certificate of authority.
Section 53-20-7 - Issuance of certificate of authority.
Section 53-20-8 - Changes and amendments.
Section 53-20-9 - Registered office and registered agent; requirement of maintenance in state.
Section 53-20-10 - Registered office and registered agent; change; resignation of registered agent.
Section 53-20-11 - Service of process.
Section 53-20-12 - Certificate of withdrawal; application and filing.
Section 53-20-13 - Certificate of withdrawal; issuance.
Section 53-20-14 - Certificate of authority; revocation; causes.
Section 53-20-15 - Certificate of authority; revocation procedure.
Section 53-20-16 - Consequences of transacting business without authority.