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This act [47-12-1
to 47-12-6
NMSA 1978] may be cited as the "Land Use Easement
Act". |
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As used in the Land Use Easement Act [47-12-1
to 47-12-6
NMSA 1978]: |
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A. "holder" means
any nonprofit corporation, nonprofit association or nonprofit trust, the
purposes or powers of which include retaining or protecting the natural or
open space values of real property, assuring the availability of real
property for agricultural, forest, recreational or open space use, protecting
natural resources or maintaining production uses of real
property; |
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B. "land use
easement" means a holder's nonpossessory
interest in real property imposing any limitation or affirmative obligation
the purpose of which includes retaining or protecting natural or open space
values of real property, assuring the availability of real property for agricultural,
forest, recreational or open space use or protecting natural resources;
and |
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C. "third-party
enforcement right" means a right expressly provided by the parties to a
land use easement empowering a specifically identified nonprofit corporation,
nonprofit association or nonprofit trust that, although eligible to be a
holder, is not a holder, to enforce any term of the easement. No party shall
have any third-party enforcement right unless that right is expressly
provided for in a land use easement. |
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