Definitions
- Statute:
- New Mexico §47-16-2 · Article HOA (New Mexico Homeowner Association Act (NMSA 47-16-1 to 47-16-18))
- Topic:
- Definitions · Glossary
- Applies to:
- HOA associations
Defines association, board, lot, declaration, development, disclosure certificate (twelve listed items), conflict of interest, and the other words this Act uses. A declaration is the recorded instrument that imposes common-area maintenance and the power to levy mandatory payments — and it expressly does not include a condominium or time-share instrument.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Definitions
SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model.
See the feature → Start freeFrequently asked
- What does New Mexico §47-16-2 require?
- Defines association, board, lot, declaration, development, disclosure certificate (twelve listed items), conflict of interest, and the other words this Act uses. A declaration is the recorded instrument that imposes common-area maintenance and the power to levy mandatory payments — and it expressly does not include a condominium or time-share instrument.
- Who does New Mexico §47-16-2 apply to?
- New Mexico §47-16-2 applies to HOA associations in New Mexico.
- What happens if our HOA doesn't comply with §47-16-2?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of New Mexico §47-16-2?
- The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Definitions?
- SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model. Learn more →
Not legal advice. This page is a plain-English summary of New Mexico §47-16-2 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New Mexico-licensed attorney. For the official statutory text, see the link above.
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