New Mexico § 50-4-3 - Joint adventurers
Full text of New Mexico New Mexico Statutes Annotated § 50-4-3 — Joint adventurers, with citation guidance and answers to common questions.
§ 50-4-3. Joint adventurers
None of the provisions of this act shall apply to cases where an agreement is entered
into between the employer and the employee at the time of hiring, providing that the
employee, as part of his wages or compensation, shall have an interest in the success
of the particular work or enterprise in connection with which the employee is hired. In all such cases the employer shall be subject to the provisions of this act only
to the extent of that portion of the wages or compensation to be paid in cash, and
as to the balance the employer and employee shall stand as joint adventurers.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 50-4-3
What does New Mexico Statutes Annotated § 50-4-3 cover?
Section 50-4-3 ("Joint adventurers") 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 § 50-4-3?
A common citation format is "New Mexico Statutes Annotated § 50-4-3" (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 § 50-4-3 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.