A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
History: Laws 2007, ch. 129, § 112.
Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
Structure New Mexico Statutes
Article 2A - Uniform Revised Limited Partnership Act
Article 1 - General Provisions
Section 54-2A-101 - Short title.
Section 54-2A-102 - Definitions.
Section 54-2A-103 - Knowledge and notice.
Section 54-2A-104 - Nature, purpose and duration of entity.
Section 54-2A-106 - Governing law.
Section 54-2A-107 - Supplemental principles of law; rate of interest.
Section 54-2A-109 - Reservation of name.
Section 54-2A-110 - Effect of partnership agreement; nonwaivable provisions.
Section 54-2A-111 - Required information.
Section 54-2A-112 - Business transactions of partner with partnership.
Section 54-2A-113 - Dual capacity.
Section 54-2A-114 - Office and agent for service of process.
Section 54-2A-115 - Change of designated office or agent for service of process.
Section 54-2A-116 - Resignation of agent for service of process.
Section 54-2A-117 - Service of process.