A. Subject to Section 1110 [54-2A-1110 NMSA 1978] of the Uniform Revised Limited Partnership Act, a plan of merger must be consented to by all the partners of a constituent limited partnership.
B. Subject to Section 1110 of the Uniform Revised Limited Partnership Act and any contractual rights, after a merger is approved, and at any time before a filing is made pursuant to Section 1108 [54-2A-1108 NMSA 1978] of the Uniform Revised Limited Partnership Act, a constituent limited partnership may amend the plan or abandon the planned merger:
(1) as provided in the plan; and
(2) except as prohibited by the plan, with the same consent as was required to approve the plan.
History: Laws 2007, ch. 129, § 1107.
Compiler's notes. — Laws 2009, ch. 181, § 6 amended Laws 2007, ch. 129, § 1208 to change the effective date of this section from July 1, 2009 to January 1, 2010.
Structure 2021 New Mexico Statutes
Article 2A - Uniform Revised Limited Partnership Act
Article 11 - Conversion and Merger
Section 54-2A-1101 - Definitions.
Section 54-2A-1102 - Conversion.
Section 54-2A-1103 - Action on plan of conversion by converting limited partnership.
Section 54-2A-1104 - Filings required for conversion; effective date.
Section 54-2A-1105 - Effect of conversion.
Section 54-2A-1107 - Action on plan of merger by constituent limited partnership.
Section 54-2A-1108 - Filings required for merger; effective date.
Section 54-2A-1109 - Effect of merger.
Section 54-2A-1110 - Restrictions on approval of conversions and mergers.
Section 54-2A-1111 - Liability of general partner after conversion or merger.