9-15-53. Definitions.
77 words·~1 min read·
/nm/chapter-9-executive-department/article-15-economic-development-department/9-15-53·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
History: Laws 2007, ch. 180, § 2.