New Mexico § 21-1-20 - Power to hold property
Full text of New Mexico New Mexico Statutes Annotated § 21-1-20 — Power to hold property, with citation guidance and answers to common questions.
§ 21-1-20. Power to hold property
All of the said institutions, including the New Mexico military institute, shall be
entitled to receive all the benefits and donations made and given to similar institutions
of learning and charity in other states and territories of the United States, by the
legislation of the congress of the United States, or from private individuals or corporations,
and for the benefit of said institutions they shall have power to buy and sell or
lease or mortgage realty, and do all things that, in the opinion of the several boards,
will be for the best interests of said institutions, and are in the line of its object.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 21-1-20
What does New Mexico Statutes Annotated § 21-1-20 cover?
Section 21-1-20 ("Power to hold property") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 21-1-20?
A common citation format is "New Mexico Statutes Annotated § 21-1-20" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 21-1-20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.