New Mexico Statutes Chapter 66. Motor Vehicles § 66-1-4.9. Definitions

A. “identification card” means a document issued by the department or the motor vehicle administration of a state or other jurisdiction recognized under the laws of New Mexico that identifies the holder and includes a REAL ID-compliant identification card and a standard identification card;

B. “implement of husbandry” means every vehicle that is designed for agricultural purposes and exclusively used by the owner in the conduct of agricultural operations;

C. “international registration plan” means the registration reciprocity agreement among the contiguous states of the United States, the District of Columbia and provinces of Canada providing for payment of apportionable fees on the basis of total distance operated in all jurisdictions. The international registration plan is a method of registering fleets of vehicles that travel in two or more member jurisdictions and complies with the federal Intermodal Surface Transportation Efficiency Act of 1991;

D. “intersection” means:

E. “inventory”, when referring to a vehicle dealer, means a vehicle held for sale or lease in the ordinary course of business, the cost of which is used in calculating the dealer's cost of goods sold for federal income tax purposes; and

F. “jurisdiction”, without modification, means “state”.