Continued use of a partnership name, or a dissociated partner's name as part thereof, by partners continuing the business does not of itself make the dissociated partner liable for an obligation of the partners or the partnership continuing the business.
History: Laws 1996, ch. 53, § 705.
Structure New Mexico Statutes
Article 1A - Uniform Partnerships
Article 7 - Partner's Dissociation When Business Not Wound Up.
Section 54-1A-701 - Purchase of dissociated partner's interest.
Section 54-1A-702 - Dissociated partner's power to bind and liability to partnership.
Section 54-1A-703 - Dissociated partner's liability to other persons.
Section 54-1A-704 - Statement of dissociation.
Section 54-1A-705 - Continued use of partnership name.