2021 New Mexico Statutes
Chapter 54 - Partnerships

Section 54-1-1 to 54-1-46 - Repealed. - Repeals. — Laws 1996, ch. 53, § 1004 repealed 54-1-1...

Section 54-1-47 - Insurance or financial responsibility of registered limited liability partnerships. - A. A registered limited liability partnership shall carry at least...

Section 54-1-48 - Repealed. - Repeals. — Laws 1997, ch. 76, § 23 repealed 54-1-48...

Article 1A - Uniform Partnerships

Article 1 - General Provisions.

Section 54-1A-101 - Definitions. - As used in the Uniform Partnership Act (1994) [54-1A-101 to...

Section 54-1A-102 - Knowledge and notice. - (a) A person knows a fact if the person has...

Section 54-1A-103 - Effect of partnership agreement; nonwaivable provisions. - (a) Except as otherwise provided in Subsection (b) of this...

Section 54-1A-104 - Supplemental principles of law. - (a) Unless displaced by particular provisions of the Uniform Partnership...

Section 54-1A-105 - Execution, filing and recording of statements. - (a) A statement may be filed in the office of...

Section 54-1A-106 - Governing law. - (a) Except as otherwise provided in Subsection (b) of this...

Section 54-1A-107 - Partnership subject to amendment or repeal of the Uniform Partnership Act (1994). - A partnership governed by the Uniform Partnership Act (1994) [54-1A-101...

Article 2 - Nature of Partnership.

Section 54-1A-201 - Partnership as entity. - (a) A partnership is an entity distinct from its partners....

Section 54-1A-202 - Formation of partnership. - (a) Except as otherwise provided in Subsection (b), the association...

Section 54-1A-203 - Partnership property. - Property acquired by a partnership is property of the partnership...

Section 54-1A-204 - When property is partnership property. - (a) Property is partnership property if acquired in the name...

Article 3 - Relations of Partners to Persons Dealing with Partnership.

Section 54-1A-301 - Partner agent of partnership. - Subject to the effect of a statement of partnership authority...

Section 54-1A-302 - Transfer of partnership property. - (a) Partnership property may be transferred as follows: (1) subject...

Section 54-1A-303 - Statement of partnership authority. - (a) A partnership may file a statement of partnership authority...

Section 54-1A-304 - Statement of denial. - A partner or other person named as a partner in...

Section 54-1A-305 - Partnership liable for partner's actionable conduct. - (a) A partnership is liable for loss or injury caused...

Section 54-1A-306 - Partner's liability. - (a) Except as otherwise provided in Subsections (b) and (c)...

Section 54-1A-307 - Actions by and against partnership and partners. - (a) A partnership may sue and be sued in the...

Section 54-1A-308 - Liability of purported partner. - (a) If a person, by words or conduct, purports to...

Article 4 - Relations of Partners to Each Other and to Partnership.

Section 54-1A-401 - Partner's rights and duties. - (a) Each partner is deemed to have an account that...

Section 54-1A-402 - Distributions in kind. - A partner has no right to receive, and may not...

Section 54-1A-403 - Partner's rights and duties with respect to information. - (a) A partnership shall keep its books and records, if...

Section 54-1A-404 - General standards of partner's conduct. - (a) The only fiduciary duties a partner owes to the...

Section 54-1A-405 - Actions by partnership and partners. - (a) A partnership may maintain an action against a partner...

Section 54-1A-406 - Continuation of partnership beyond definite term or particular undertaking. - (a) If a partnership for a definite term or particular...

Article 5 - Transferees and Creditors of Partner.

Section 54-1A-501 - Partner not co-owner of partnership property. - A partner is not a co-owner of partnership property and...

Section 54-1A-502 - Partner's transferable interest in partnership. - The only transferable interest of a partner in the partnership...

Section 54-1A-503 - Transfer of partner's transferable interest. - (a) A transfer, in whole or in part, of a...

Section 54-1A-504 - Partner's transferable interest subject to charging order. - (a) On application by a judgment creditor of a partner...

Article 6 - Partner's Dissociation.

Section 54-1A-601 - Events causing partner's dissociation. - A partner is dissociated from a partnership upon the occurrence...

Section 54-1A-602 - Partner's power to dissociate; wrongful dissociation. - (a) A partner has the power to dissociate at any...

Section 54-1A-603 - Effect of partner's dissociation. - (a) If a partner's dissociation results in a dissolution and...

Article 7 - Partner's Dissociation When Business Not Wound Up.

Section 54-1A-701 - Purchase of dissociated partner's interest. - (a) If a partner is dissociated from a partnership without...

Section 54-1A-702 - Dissociated partner's power to bind and liability to partnership. - (a) For two years after a partner dissociates without resulting...

Section 54-1A-703 - Dissociated partner's liability to other persons. - (a) A partner's dissociation does not of itself discharge the...

Section 54-1A-704 - Statement of dissociation. - (a) A dissociated partner or the partnership may file a...

Section 54-1A-705 - Continued use of partnership name. - Continued use of a partnership name, or a dissociated partner's...

Article 8 - Winding Up Partnership Business.

Section 54-1A-801 - Events causing dissolution and winding up of partnership business. - A partnership is dissolved, and its business must be wound...

Section 54-1A-802 - Partnership continues after dissolution. - (a) Subject to Subsection (b), a partnership continues after dissolution...

Section 54-1A-803 - Right to wind up partnership business. - (a) After dissolution, a partner who has not wrongfully dissociated...

Section 54-1A-804 - Partner's power to bind partnership after dissolution. - Subject to Section 805 [54-1A-805 NMSA 1978], a partnership is...

Section 54-1A-805 - Statement of dissolution. - (a) After dissolution, a partner who has not wrongfully dissociated...

Section 54-1A-806 - Partner's liability to other partners after dissolution. - (a) Except as otherwise provided in Subsection (b) of this...

Section 54-1A-807 - Settlement of accounts and contributions among partners. - (a) In winding up a partnership's business, the assets of...

Article 9 - Conversions and Mergers.

Section 54-1A-901 - Definitions. - As used in this article: (1) "general partner" means a...

Section 54-1A-902 - Conversion of partnership to limited partnership. - (a) A partnership may be converted to a limited partnership...

Section 54-1A-903 - Conversion of limited partnership to partnership. - (a) A limited partnership may be converted to a partnership...

Section 54-1A-904 - Effect of conversion; entity unchanged. - (a) A partnership or limited partnership that has been converted...

Section 54-1A-905 - Merger of partnerships. - (a) Pursuant to a plan of merger approved as provided...

Section 54-1A-906 - Effect of merger. - (a) When a merger takes effect: (1) the separate existence...

Section 54-1A-907 - Statement of merger. - (a) After a merger, the surviving partnership or limited partnership...

Section 54-1A-908 - Nonexclusive. - This article is not exclusive. Partnerships or limited partnerships may...

Article 10 - Conversion to Limited Partnership.

Section 54-1A-1001 - Statement of qualification. - (a) A partnership may become a limited liability partnership pursuant...

Section 54-1A-1002 - Statement of qualification; name. - The name of a limited liability partnership must end with...

Section 54-1A-1003 - Annual report. - (a) A limited liability partnership, and a foreign limited liability...

Section 54-1A-1005 - Recompiled. - Recompilations. — Laws 1997, ch. 76, §§ 12 and 13...

Article 11 - Foreign Limited Partnership.

Section 54-1A-1101 - Law governing foreign limited liability partnership. - (a) The law under which a foreign limited liability partnership...

Section 54-1A-1102 - Statement of foreign qualification. - (a) Before transacting business in this state, a foreign limited...

Section 54-1A-1103 - Effect of failure to qualify. - (a) A foreign limited liability partnership transacting business in this...

Section 54-1A-1104 - Activities not constituting transacting business. - (a) Activities of a foreign limited liability partnership, which do...

Section 54-1A-1105 - Action by attorney general. - The attorney general may maintain an action to restrain a...

Article 12 - Miscellaneous Provisions.

Section 54-1A-1201 - Uniformity of application and construction. - The Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA 1978]...

Section 54-1A-1202 - Short title. - This act [54-1A-101 to 54-1A-1206 NMSA 1978] may be cited...

Section 54-1A-1203 - Savings clause. - The Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA 1978]...

Section 54-1A-1204 - Severability. - If any provision of the Uniform Partnership Act (1994) [54-1A-101...

Section 54-1A-1205 - Applicability. - (a) The Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA...

Section 54-1A-1206 - Filing fees. - The filing fee for any statement, annual report or other...

Article 2 - Uniform Limited Partnerships (Repealed.)

Section 54-2-1 - Repealed. - History: 1978 Comp., § 54-2-1, enacted by Laws 1988, ch....

Section 54-2-2 - Repealed. - History: 1978 Comp., § 54-2-2, enacted by Laws 1988, ch....

Section 54-2-3 - Repealed. - History: 1978 Comp., § 54-2-3, enacted by Laws 1988, ch....

Section 54-2-4 - Repealed. - History: 1978 Comp., § 54-2-4, enacted by Laws 1988, ch....

Section 54-2-5 - Repealed. - History: 1978 Comp., § 54-2-5, enacted by Laws 1988, ch....

Section 54-2-6 - Repealed. - History: 1978 Comp., § 54-2-6, enacted by Laws 1988, ch....

Section 54-2-7 - Repealed. - History: 1978 Comp., § 54-2-7, enacted by Laws 1988, ch....

Section 54-2-8 - Repealed. - History: 1978 Comp., § 54-2-8, enacted by Laws 1988, ch....

Section 54-2-9 - Repealed. - History: 1978 Comp., § 54-2-9, enacted by Laws 1988, ch....

Section 54-2-10 - Repealed. - History: 1978 Comp., § 54-2-10, enacted by Laws 1988, ch....

Section 54-2-11 - Repealed. - History: 1978 Comp., § 54-2-11, enacted by Laws 1988, ch....

Section 54-2-12 - Repealed. - History: 1978 Comp., § 54-2-12, enacted by Laws 1988, ch....

Section 54-2-13 - Repealed. - History: 1978 Comp., § 54-2-13, enacted by Laws 1988, ch....

Section 54-2-14 - Repealed. - History: 1978 Comp., § 54-2-14, enacted by Laws 1988, ch....

Section 54-2-15 - Repealed. - History: 1978 Comp., § 54-2-15, enacted by Laws 1988, ch....

Section 54-2-16 - Repealed. - History: 1978 Comp., § 54-2-16, enacted by Laws 1988, ch....

Section 54-2-17 - Repealed. - History: 1978 Comp., § 54-2-17, enacted by Laws 1988, ch....

Section 54-2-18 - Repealed. - History: 1978 Comp., § 54-2-18, enacted by Laws 1988, ch....

Section 54-2-19 - Repealed. - History: 1978 Comp., § 54-2-19, enacted by Laws 1988, ch....

Section 54-2-20 - Repealed. - History: 1978 Comp., § 54-2-20, created by Laws 1988, ch....

Section 54-2-21 - Repealed. - History: 1978 Comp., § 54-2-21, enacted by Laws 1988, ch....

Section 54-2-22 - Repealed. - History: 1978 Comp., § 54-2-22, enacted by Laws 1988, ch....

Section 54-2-23 - Repealed. - History: 1978 Comp., § 54-2-23, enacted by Laws 1988, ch....

Section 54-2-24 - Repealed. - History: 1978 Comp., § 54-2-24, enacted by Laws 1988, ch....

Section 54-2-25 - Repealed. - History: 1978 Comp., § 54-2-25, enacted by Laws 1988, ch....

Section 54-2-26 - Repealed. - History: 1978 Comp., § 54-2-26, enacted by Laws 1988, ch....

Section 54-2-27 - Repealed. - History: 1978 Comp., § 54-2-27, enacted by Laws 1988, ch....

Section 54-2-28 - Repealed. - History: 1978 Comp., § 54-2-28, enacted by Laws 1988, ch....

Section 54-2-29 - Repealed. - History: 1978 Comp., § 54-2-29, enacted by Laws 1988, ch....

Section 54-2-30 - Repealed. - History: 1978 Comp., § 54-2-30, enacted by Laws 1988, ch....

Section 54-2-31 - Repealed. - History: 1978 Comp., § 54-2-31, enacted by Laws 1988, ch....

Section 54-2-32 - Repealed. - History: 1978 Comp., § 54-2-32, enacted by Laws 1988, ch....

Section 54-2-33 - Repealed. - History: 1978 Comp., § 54-2-33, enacted by Laws 1988, ch....

Section 54-2-34 - Repealed. - History: 1978 Comp., § 54-2-34, enacted by Laws 1988, ch....

Section 54-2-35 - Repealed. - History: 1978 Comp., § 54-2-35, enacted by Laws 1988, ch....

Section 54-2-36 - Repealed. - History: 1978 Comp., § 54-2-36, enacted by Laws 1988, ch....

Section 54-2-37 - Repealed. - History: 1978 Comp., § 54-2-37, enacted by Laws 1988, ch....

Section 54-2-38 - Repealed. - History: 1978 Comp., § 54-2-38, enacted by Laws 1988, ch....

Section 54-2-39 - Repealed. - History: 1978 Comp., § 54-2-39, enacted by Laws 1988, ch....

Section 54-2-40 - Repealed. - History: 1978 Comp., § 54-2-40, enacted by Laws 1988, ch....

Section 54-2-41 - Repealed. - History: 1978 Comp., § 54-2-41, enacted by Laws 1988, ch....

Section 54-2-42 - Repealed. - History: 1978 Comp., § 54-2-42, enacted by Laws 1988, ch....

Section 54-2-43 - Repealed. - History: 1978 Comp., § 54-2-43, enacted by Laws 1988, ch....

Section 54-2-44 - Repealed. - History: 1978 Comp., § 54-2-44, enacted by Laws 1988, ch....

Section 54-2-45 - Repealed. - History: 1978 Comp., § 54-2-45, enacted by Laws 1988, ch....

Section 54-2-46 - Repealed. - History: 1978 Comp., § 54-2-46, enacted by Laws 1988, ch....

Section 54-2-47 - Repealed. - History: 1978 Comp., § 54-2-47, enacted by Laws 1988, ch....

Section 54-2-48 - Repealed. - History: 1978 Comp., § 54-2-48, enacted by Laws 1988, ch....

Section 54-2-49 - Repealed. - History: 1978 Comp., § 54-3-1, enacted by Laws 1979, ch....

Section 54-2-50 - Repealed. - History: 1978 Comp., § 54-3-1.1, enacted by Laws 1979, ch....

Section 54-2-51 - Repealed. - History: 1978 Comp., § 54-3-2, enacted by Laws 1979, ch....

Section 54-2-52 - Repealed. - History: 1978 Comp., § 54-3-3, enacted by Laws 1979, ch....

Section 54-2-53 - Repealed. - History: 1978 Comp., § 54-3-4, enacted by Laws 1979, ch....

Section 54-2-54 - Repealed. - History: 1978 Comp., § 54-3-5, enacted by Laws 1979, ch....

Section 54-2-55 - Repealed. - History: 1978 Comp., § 54-3-6, enacted by Laws 1979, ch....

Section 54-2-56 - Repealed. - History: 1978 Comp., § 54-3-7, enacted by Laws 1979, ch....

Section 54-2-57 - Repealed. - History: Laws 1978 Comp., § 54-2-57, enacted by Laws 1988,...

Section 54-2-58 - Repealed. - History: Laws 1978 Comp., § 54-2-58, enacted by Laws 1988,...

Section 54-2-59 - Repealed. - History: Laws 1978 Comp., § 54-2-59, enacted by Laws 1988,...

Section 54-2-60 - Repealed. - History: Laws 1978 Comp., § 54-2-60, enacted by Laws 1988,...

Section 54-2-61 - Repealed. - History: Laws 1978 Comp., § 54-2-61, enacted by Laws 1988,...

Section 54-2-62 - Repealed. - History: Laws 1978 Comp., § 54-2-62, enacted by Laws 1988,...

Section 54-2-63 - Repealed. - History: Laws 1978 Comp., § 54-2-63, enacted by Laws 1988,...

Article 2A - Uniform Revised Limited Partnership Act

Article 1 - General Provisions

Section 54-2A-101 - Short title. - Chapter 54, Article 2A NMSA 1978 may be cited as...

Section 54-2A-102 - Definitions. - As used in the Uniform Revised Limited Partnership Act: A....

Section 54-2A-103 - Knowledge and notice. - A. A person knows a fact if the person has...

Section 54-2A-104 - Nature, purpose and duration of entity. - A. A limited partnership is an entity distinct from its...

Section 54-2A-105 - Powers. - A limited partnership has the powers to do all things...

Section 54-2A-106 - Governing law. - The law of this state governs relations between the partners...

Section 54-2A-107 - Supplemental principles of law; rate of interest. - A. Unless displaced by particular provisions of the Uniform Revised...

Section 54-2A-108 - Name. - A. The name of a limited partnership may contain the...

Section 54-2A-109 - Reservation of name. - A. The exclusive right to the use of a name...

Section 54-2A-110 - Effect of partnership agreement; nonwaivable provisions. - A. Except as otherwise provided in Subsection B of this...

Section 54-2A-111 - Required information. - A limited partnership shall maintain at its designated office the...

Section 54-2A-112 - Business transactions of partner with partnership. - A partner may lend money to and transact other business...

Section 54-2A-113 - Dual capacity. - A person may be both a general partner and a...

Section 54-2A-114 - Office and agent for service of process. - A. A limited partnership shall designate and continuously maintain in...

Section 54-2A-115 - Change of designated office or agent for service of process. - In order to change its designated office, agent for service...

Section 54-2A-116 - Resignation of agent for service of process. - A. In order to resign as an agent for service...

Section 54-2A-117 - Service of process. - A. An agent for service of process appointed by a...

Section 54-2A-118 - Consent and proxies of partners. - Action requiring the consent of partners pursuant to the Uniform...

Section 54-2A-119 - Limited partnership subject to amendment or repeal of the Uniform Revised Limited Partnership Act. - A limited partnership governed by the Uniform Revised Limited Partnership...

Article 2 - Formation; Certificate Of

Section 54-2A-201 - Formation of limited partnership; certificate of limited partnership. - A. In order for a limited partnership to be formed,...

Section 54-2A-202 - Amendment or restatement of certificate. - A. In order to amend its certificate of limited partnership,...

Section 54-2A-203 - Statement of termination. - A dissolved limited partnership that has completed winding up may...

Section 54-2A-204 - Signing of records. - A. Each record delivered to the secretary of state for...

Section 54-2A-205 - Signing and filing pursuant to judicial order. - A. If a person required by the Uniform Revised Limited...

Section 54-2A-206 - Delivery to and filing of records by secretary of state; effective time and date. - A. Duplicate originals of a record authorized or required to...

Section 54-2A-207 - Correcting filed record. - A. A limited partnership or foreign limited partnership shall deliver...

Section 54-2A-208 - Liability for false information in filed record. - A. If a record delivered to the secretary of state...

Section 54-2A-209 - Certificate of existence or authorization. - A. The secretary of state, upon request and payment of...

Section 54-2A-210 - Secretary of state fees. - A. The secretary of state shall charge and collect a...

Article 3 - Limited Partners

Section 54-2A-301 - Becoming limited partner. - A person becomes a limited partner: A. as provided in...

Section 54-2A-302 - No right or power as limited partner to bind limited partnership. - A limited partner does not have the right or the...

Section 54-2A-303 - No liability as limited partner for limited partnership obligations. - An obligation of a limited partnership, whether arising in contract,...

Section 54-2A-304 - Right of limited partner and former limited partner to information. - A. On ten days' demand, made in a record received...

Section 54-2A-305 - Limited duties of limited partners. - A. A limited partner does not have any fiduciary duty...

Section 54-2A-306 - Person erroneously believing self to be limited partner. - A. Except as otherwise provided in Subsection B of this...

Article 4 - General Partners

Section 54-2A-401 - Becoming general partner. - A person becomes a general partner: A. as provided in...

Section 54-2A-402 - General partner agent of limited partnership. - A. Each general partner is an agent of the limited...

Section 54-2A-403 - Limited partnership liable for general partner's actionable conduct. - A. A limited partnership is liable for loss or injury...

Section 54-2A-404 - General partner's liability. - A. Except as otherwise provided in Subsections B and C...

Section 54-2A-405 - Actions by and against partnership and partners. - A. To the extent not inconsistent with Section 404 [54-2A-404...

Section 54-2A-406 - Management rights of general partner. - A. Each general partner has equal rights in the management...

Section 54-2A-407 - Right of general partner and former general partner to information. - A. A general partner, without having any particular purpose for...

Section 54-2A-408 - General standards of general partner's conduct. - A. The only fiduciary duties that a general partner has...

Article 5 - Contributions and Distributions

Section 54-2A-501 - Form of contribution. - A contribution of a partner may consist of tangible or...

Section 54-2A-502 - Liability for contribution. - A. A partner's obligation to contribute money or other property...

Section 54-2A-503 - Sharing of distributions. - A distribution by a limited partnership must be shared among...

Section 54-2A-504 - Interim distributions. - A partner does not have a right to any distribution...

Section 54-2A-505 - No distribution on account of dissociation. - A person does not have a right to receive a...

Section 54-2A-506 - Distribution in kind. - A partner does not have a right to demand or...

Section 54-2A-507 - Right to distribution. - When a partner or transferee becomes entitled to receive a...

Section 54-2A-508 - Limitations on distribution. - A. A limited partnership may not make a distribution in...

Section 54-2A-509 - Liability for improper distributions. - A. A general partner that consents to a distribution made...

Article 6 - Dissociation

Section 54-2A-601 - Dissociation as limited partner. - A. A person does not have a right to dissociate...

Section 54-2A-602 - Effect of dissociation as limited partner. - A. Upon a person's dissociation as a limited partner: (1)...

Section 54-2A-603 - Dissociation as general partner. - A person is dissociated from a limited partnership as a...

Section 54-2A-604 - Person's power to dissociate as general partner; wrongful dissociation. - A. A person has the power to dissociate as a...

Section 54-2A-605 - Effect of dissociation as general partner. - A. Upon a person's dissociation as a general partner: (1)...

Section 54-2A-606 - Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner. - A. After a person is dissociated as a general partner...

Section 54-2A-607 - Liability to other persons of person dissociated as general partner. - A. A person's dissociation as a general partner does not...

Article 7 - Transferable Interests and Rights of

Section 54-2A-701 - Partner's transferable interest. - The only interest of a partner that is transferable is...

Section 54-2A-702 - Transfer of partner's transferable interest. - A. A transfer, in whole or in part, of a...

Section 54-2A-703 - Rights of creditor of partner or transferee. - A. On application to a court of competent jurisdiction by...

Section 54-2A-704 - Power of estate of deceased partner. - If a partner dies, the deceased partner's personal representative or...

Article 8 - Dissolution

Section 54-2A-801 - Nonjudicial dissolution. - Except as otherwise provided in Section 802 [54-2A-802 NMSA 1978]...

Section 54-2A-802 - Judicial dissolution. - On application by a partner, the district court may order...

Section 54-2A-803 - Winding up. - A. A limited partnership continues after dissolution only for the...

Section 54-2A-804 - Power of general partner and person dissociated as general partner to bind partnership after dissolution. - A. A limited partnership is bound by a general partner's...

Section 54-2A-805 - Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners and persons dissociated as general partner. - A. If a general partner having knowledge of the dissolution...

Section 54-2A-806 - Known claims against dissolved limited partnership. - A. A dissolved limited partnership may dispose of the known...

Section 54-2A-807 - Other claims against dissolved limited partnership. - A. A dissolved limited partnership may publish notice of its...

Section 54-2A-808 - Liability of general partner and person dissociated as general partner when claim against limited partnership barred. - If a claim against a dissolved limited partnership is barred...

Section 54-2A-809 - Disposition of assets; when contributions required. - A. In winding up a limited partnership's activities, the assets...

Article 9 - Foreign Limited Partnerships

Section 54-2A-901 - Governing law. - A. The laws of the state or other jurisdiction under...

Section 54-2A-902 - Application for certificate of authority. - A. Before transacting business in New Mexico, a foreign limited...

Section 54-2A-903 - Activities not constituting transacting business. - A. Activities of a foreign limited partnership that do not...

Section 54-2A-904 - Filing of certificate of authority. - Unless the secretary of state determines that an application for...

Section 54-2A-905 - Noncomplying name of foreign limited partnership. - A. A foreign limited partnership whose name does not comply...

Section 54-2A-906 - Changes or errors in application for certificate of authority. - A. A foreign limited partnership shall deliver to the secretary...

Section 54-2A-907 - Cancellation of certificate of authority; effect of failure to have certificate. - A. In order to cancel its certificate of authority to...

Section 54-2A-908 - Action by attorney general. - The attorney general may maintain an action to restrain a...

Article 10 - Actions by Partners

Section 54-2A-1001 - Direct action by partner. - A. Subject to Subsection B of this section, a partner...

Section 54-2A-1002 - Derivative action. - A partner may maintain a derivative action to enforce a...

Section 54-2A-1003 - Proper plaintiff. - A derivative action may be maintained only by a person...

Section 54-2A-1004 - Pleading. - In a derivative action, the complaint must state with particularity:...

Section 54-2A-1005 - Proceeds and expenses. - A. Except as otherwise provided in Subsection B of this...

Article 11 - Conversion and Merger

Section 54-2A-1101 - Definitions. - As used in Article 11 [54-2A-1101 NMSA 1978] of the...

Section 54-2A-1102 - Conversion. - A. An organization other than a limited partnership may convert...

Section 54-2A-1103 - Action on plan of conversion by converting limited partnership. - A. Subject to Section 1110 [54-2A-1110 NMSA 1978] of the...

Section 54-2A-1104 - Filings required for conversion; effective date. - A. After a plan of conversion is approved: (1) a...

Section 54-2A-1105 - Effect of conversion. - A. An organization that has been converted pursuant to Article...

Section 54-2A-1106 - Merger. - A. A limited partnership may merge with one or more...

Section 54-2A-1107 - Action on plan of merger by constituent limited partnership. - A. Subject to Section 1110 [54-2A-1110 NMSA 1978] of the...

Section 54-2A-1108 - Filings required for merger; effective date. - A. After each constituent organization has approved a merger, articles...

Section 54-2A-1109 - Effect of merger. - A. When a merger becomes effective: (1) the surviving organization...

Section 54-2A-1110 - Restrictions on approval of conversions and mergers. - A. If a partner of a converting or constituent limited...

Section 54-2A-1111 - Liability of general partner after conversion or merger. - A. A conversion or merger pursuant to Article 11 [54-2A-1101...

Section 54-2A-1112 - Power of general partners and persons dissociated as general partners to bind organization after conversion or merger. - A. An act of a person that immediately before a...

Section 54-2A-1113 - Article not exclusive. - Article 11 [54-2A-1101 NMSA 1978] of the Uniform Revised Limited...

Article 12 - Miscellaneous Provisions

Section 54-2A-1201 - Uniformity of application and construction. - In applying and construing the Uniform Revised Limited Partnership Act,...

Section 54-2A-1202 - Severability. - If any provision of the Uniform Revised Limited Partnership Act...

Section 54-2A-1203 - Relation to Electronic Signatures in Global and National Commerce Act. - The Uniform Revised Limited Partnership Act modifies, limits or supersedes...

Section 54-2A-1204 - Application to existing limited partnerships and other relationships. - A. The Uniform Revised Limited Partnership Act governs only: (1)...

Section 54-2A-1205 - Saving clause. - The Uniform Revised Limited Partnership Act does not affect an...

Section 54-2A-1206 - Transition provisions. - Until January 1, 2010, the provisions of Sections 54-1A-105, 54-1A-303,...

Article 3 - Foreign Limited Partnerships (Recompiled.)

Section 54-3-1 to 54-3-7 - Recompiled. - Recompilations. — Laws 1988, ch. 90, § 49 recompiled 54-3-1...

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2021 New Mexico Statutes Chapter 54 - Partnerships

2021 New Mexico Statutes
Chapter 54 - Partnerships