(a) The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.
(b) A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this state.
(c) A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this state as a limited liability partnership.
History: Laws 1997, ch. 76, ยง 17.
Structure 2021 New Mexico Statutes
Article 1A - Uniform Partnerships
Article 11 - Foreign Limited Partnership.
Section 54-1A-1101 - Law governing foreign limited liability partnership.
Section 54-1A-1102 - Statement of foreign qualification.
Section 54-1A-1103 - Effect of failure to qualify.
Section 54-1A-1104 - Activities not constituting transacting business.