A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership.
History: Laws 2007, ch. 129, § 302.
Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
Structure 2021 New Mexico Statutes
Article 2A - Uniform Revised Limited Partnership Act
Section 54-2A-301 - Becoming limited partner.
Section 54-2A-302 - No right or power as limited partner to bind limited partnership.
Section 54-2A-303 - No liability as limited partner for limited partnership obligations.
Section 54-2A-304 - Right of limited partner and former limited partner to information.
Section 54-2A-305 - Limited duties of limited partners.
Section 54-2A-306 - Person erroneously believing self to be limited partner.