2011 New Mexico Statutes
Chapter 44: Miscellaneous Civil Law Matters
Article 8: Receivership Act, 44-8-1 through 44-8-10
Section 44-8-3: Definitions.
44-8-3. Definitions.
As used in the Receivership Act [44-8-1 NMSA 1978]:
A. "applicant" means an interested person who seeks the appointment of a receiver;
B. "business entity" means a sole proprietorship, a profit or nonprofit corporation, a general or limited partnership, business trust, joint venture or other enterprise composed of one or more persons or entities;
C. "interested person" means any secured or unsecured creditor, a shareholder of a corporation, a general or limited partner of a partnership or a person jointly owning or interested in a receivership estate; and
D. "receivership estate" means tangible and intangible property, its proceeds, profits, substitutions, additions, fixtures and accretions for which a receiver is sought.
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