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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...