(a) Unless displaced by particular provisions of the Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA 1978], the principles of law and equity supplement that act.
(b) If an obligation to pay interest arises under the Uniform Partnership Act (1994) and the rate is not specified, the rate is that specified in Section 56-8-4 NMSA 1978.
History: Laws 1996, ch. 53, § 104.
Effective dates. — Laws 1996, ch. 53, § 1007 makes the Uniform Partnership Act (1994) effective on July 1, 1997.
Structure 2021 New Mexico Statutes
Article 1A - Uniform Partnerships
Article 1 - General Provisions.
Section 54-1A-101 - Definitions.
Section 54-1A-102 - Knowledge and notice.
Section 54-1A-103 - Effect of partnership agreement; nonwaivable provisions.
Section 54-1A-104 - Supplemental principles of law.
Section 54-1A-105 - Execution, filing and recording of statements.