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ARTICLE 1 Uniform Partnerships
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  54-1-1 to 54-1-46. Repealed.
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    ANNOTATIONS
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  54-1-47. Insurance or financial responsibility of registered limited liability partnerships.
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    ANNOTATIONS
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  54-1-48. Repealed.
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    ANNOTATIONS
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ARTICLE 1A Uniform Partnerships
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  ARTICLE 1 General Provisions.
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    54-1A-101. Definitions.
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      ANNOTATIONS
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    54-1A-102. Knowledge and notice.
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      ANNOTATIONS
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    54-1A-103. Effect of partnership agreement; nonwaivable provisions.
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      ANNOTATIONS
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    54-1A-104. Supplemental principles of law.
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      ANNOTATIONS
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    54-1A-105. Execution, filing and recording of statements.
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      ANNOTATIONS
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    54-1A-106. Governing law.
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      ANNOTATIONS
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    54-1A-107. Partnership subject to amendment or repeal of the Uniform Partnership Act (1994).
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      ANNOTATIONS
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  ARTICLE 2 Nature of Partnership.
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    54-1A-201. Partnership as entity.
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      ANNOTATIONS
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    54-1A-202. Formation of partnership.
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      ANNOTATIONS
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    54-1A-203. Partnership property.
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      ANNOTATIONS
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    54-1A-204. When property is partnership property.
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  ARTICLE 3 Relations of Partners to Persons Dealing with Partnership.
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    54-1A-301. Partner agent of partnership.
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      ANNOTATIONS
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    54-1A-302. Transfer of partnership property.
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      ANNOTATIONS
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    54-1A-303. Statement of partnership authority.
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      ANNOTATIONS
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    54-1A-304. Statement of denial.
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    54-1A-305. Partnership liable for partner's actionable conduct.
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      ANNOTATIONS
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    54-1A-306. Partner's liability.
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      ANNOTATIONS
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    54-1A-307. Actions by and against partnership and partners.
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      ANNOTATIONS
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    54-1A-308. Liability of purported partner.
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      ANNOTATIONS
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  ARTICLE 4 Relations of Partners to Each Other and to Partnership.
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    54-1A-401. Partner's rights and duties.
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      ANNOTATIONS
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    54-1A-402. Distributions in kind.
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      ANNOTATIONS
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    54-1A-403. Partner's rights and duties with respect to information.
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      ANNOTATIONS
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    54-1A-404. General standards of partner's conduct.
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      ANNOTATIONS
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    54-1A-405. Actions by partnership and partners.
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      ANNOTATIONS
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    54-1A-406. Continuation of partnership beyond definite term or particular undertaking.
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      ANNOTATIONS
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  ARTICLE 5 Transferees and Creditors of Partner.
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    54-1A-501. Partner not co-owner of partnership property.
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      ANNOTATIONS
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    54-1A-502. Partner's transferable interest in partnership.
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      ANNOTATIONS
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    54-1A-503. Transfer of partner's transferable interest.
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      ANNOTATIONS
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    54-1A-504. Partner's transferable interest subject to charging order.
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      ANNOTATIONS
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  ARTICLE 6 Partner's Dissociation.
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    54-1A-601. Events causing partner's dissociation.
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    54-1A-602. Partner's power to dissociate; wrongful dissociation.
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    54-1A-603. Effect of partner's dissociation.
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  ARTICLE 7 Partner's Dissociation When Business Not Wound Up.
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    54-1A-701. Purchase of dissociated partner's interest.
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    54-1A-702. Dissociated partner's power to bind and liability to partnership.
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    54-1A-703. Dissociated partner's liability to other persons.
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      ANNOTATIONS
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    54-1A-704. Statement of dissociation.
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    54-1A-705. Continued use of partnership name.
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  ARTICLE 8 Winding Up Partnership Business.
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    54-1A-801. Events causing dissolution and winding up of partnership business.
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      ANNOTATIONS
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    54-1A-802. Partnership continues after dissolution.
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    54-1A-803. Right to wind up partnership business.
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    54-1A-804. Partner's power to bind partnership after dissolution.
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      ANNOTATIONS
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    54-1A-805. Statement of dissolution.
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    54-1A-806. Partner's liability to other partners after dissolution.
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      ANNOTATIONS
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    54-1A-807. Settlement of accounts and contributions among partners.
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      ANNOTATIONS
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  ARTICLE 9 Conversions and Mergers.
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    54-1A-901. Definitions.
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      ANNOTATIONS
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    54-1A-902. Conversion of partnership to limited partnership.
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      ANNOTATIONS
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    54-1A-903. Conversion of limited partnership to partnership.
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      ANNOTATIONS
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    54-1A-904. Effect of conversion; entity unchanged.
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    54-1A-905. Merger of partnerships.
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    54-1A-906. Effect of merger.
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      ANNOTATIONS
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    54-1A-907. Statement of merger.
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    54-1A-908. Nonexclusive.
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  ARTICLE 10 Conversion to Limited Partnership.
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    54-1A-1001. Statement of qualification.
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      ANNOTATIONS
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    54-1A-1002. Statement of qualification; name.
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      ANNOTATIONS
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    54-1A-1003. Annual report.
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      ANNOTATIONS
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    54-1A-1004, 54-1A-1005. Recompiled.
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      ANNOTATIONS
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  ARTICLE 11 Foreign Limited Partnership.
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    54-1A-1101. Law governing foreign limited liability partnership.
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    54-1A-1102. Statement of foreign qualification.
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    54-1A-1103. Effect of failure to qualify.
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    54-1A-1104. Activities not constituting transacting business.
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    54-1A-1105. Action by attorney general.
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      ANNOTATIONS
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  ARTICLE 12 Miscellaneous Provisions.
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    54-1A-1201. Uniformity of application and construction.
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      ANNOTATIONS
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    54-1A-1202. Short title.
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      ANNOTATIONS
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    54-1A-1203. Savings clause.
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      ANNOTATIONS
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    54-1A-1204. Severability.
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      ANNOTATIONS
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    54-1A-1205. Applicability.
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      ANNOTATIONS
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    54-1A-1206. Filing fees.
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ARTICLE 2 Uniform Limited Partnerships (Repealed.)
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  54-2-1. Repealed.
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    ANNOTATIONS
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  54-2-2. Repealed.
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    ANNOTATIONS
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  54-2-3. Repealed.
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    ANNOTATIONS
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  54-2-4. Repealed.
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    ANNOTATIONS
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  54-2-5. Repealed.
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    ANNOTATIONS
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  54-2-6. Repealed.
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    ANNOTATIONS
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  54-2-7. Repealed.
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    ANNOTATIONS
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  54-2-8. Repealed.
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    ANNOTATIONS
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  54-2-9. Repealed.
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    ANNOTATIONS
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  54-2-10. Repealed.
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    ANNOTATIONS
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  54-2-11. Repealed.
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    ANNOTATIONS
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  54-2-12. Repealed.
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    ANNOTATIONS
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  54-2-13. Repealed.
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    ANNOTATIONS
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  54-2-14. Repealed.
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    ANNOTATIONS
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  54-2-15. Repealed.
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    ANNOTATIONS
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  54-2-16. Repealed.
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    ANNOTATIONS
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  54-2-17. Repealed.
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    ANNOTATIONS
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  54-2-18. Repealed.
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    ANNOTATIONS
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  54-2-19. Repealed.
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    ANNOTATIONS
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  54-2-20. Repealed.
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    ANNOTATIONS
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  54-2-21. Repealed.
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    ANNOTATIONS
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  54-2-22. Repealed.
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    ANNOTATIONS
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  54-2-23. Repealed.
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    ANNOTATIONS
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  54-2-24. Repealed.
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    ANNOTATIONS
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  54-2-25. Repealed.
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    ANNOTATIONS
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  54-2-26. Repealed.
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    ANNOTATIONS
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  54-2-27. Repealed.
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    ANNOTATIONS
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  54-2-28. Repealed.
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    ANNOTATIONS
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  54-2-29. Repealed.
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    ANNOTATIONS
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  54-2-30. Repealed.
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    ANNOTATIONS
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  54-2-31. Repealed.
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    ANNOTATIONS
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  54-2-32. Repealed.
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    ANNOTATIONS
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  54-2-33. Repealed.
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    ANNOTATIONS
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  54-2-34. Repealed.
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    ANNOTATIONS
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  54-2-35. Repealed.
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    ANNOTATIONS
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  54-2-36. Repealed.
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    ANNOTATIONS
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  54-2-37. Repealed.
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    ANNOTATIONS
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  54-2-38. Repealed.
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    ANNOTATIONS
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  54-2-39. Repealed.
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    ANNOTATIONS
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  54-2-40. Repealed.
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    ANNOTATIONS
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  54-2-41. Repealed.
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    ANNOTATIONS
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  54-2-42. Repealed.
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    ANNOTATIONS
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  54-2-43. Repealed.
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    ANNOTATIONS
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  54-2-44. Repealed.
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    ANNOTATIONS
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  54-2-45. Repealed.
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    ANNOTATIONS
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  54-2-46. Repealed.
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    ANNOTATIONS
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  54-2-47. Repealed.
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    ANNOTATIONS
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  54-2-48. Repealed.
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    ANNOTATIONS
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  54-2-49. Repealed.
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    ANNOTATIONS
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  54-2-50. Repealed.
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    ANNOTATIONS
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  54-2-51. Repealed.
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    ANNOTATIONS
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  54-2-52. Repealed.
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    ANNOTATIONS
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  54-2-53. Repealed.
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    ANNOTATIONS
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  54-2-54. Repealed.
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    ANNOTATIONS
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  54-2-55. Repealed.
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    ANNOTATIONS
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  54-2-56. Repealed.
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    ANNOTATIONS
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  54-2-57. Repealed.
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    ANNOTATIONS
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  54-2-58. Repealed.
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    ANNOTATIONS
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  54-2-59. Repealed.
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    ANNOTATIONS
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  54-2-60. Repealed.
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    ANNOTATIONS
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  54-2-61. Repealed.
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    ANNOTATIONS
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  54-2-62. Repealed.
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    ANNOTATIONS
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  54-2-63. Repealed.
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    ANNOTATIONS
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ARTICLE 2A Uniform Revised Limited Partnership Act
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  ARTICLE 1 General Provisions
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    54-2A-101. Short title.
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      ANNOTATIONS
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    54-2A-102. Definitions.
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      ANNOTATIONS
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    54-2A-103. Knowledge and notice.
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      ANNOTATIONS
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    54-2A-104. Nature, purpose and duration of entity.
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      ANNOTATIONS
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    54-2A-105. Powers.
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      ANNOTATIONS
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    54-2A-106. Governing law.
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      ANNOTATIONS
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    54-2A-107. Supplemental principles of law; rate of interest.
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      ANNOTATIONS
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    54-2A-108. Name.
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      ANNOTATIONS
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    54-2A-109. Reservation of name.
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      ANNOTATIONS
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    54-2A-110. Effect of partnership agreement; nonwaivable provisions.
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      ANNOTATIONS
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    54-2A-111. Required information.
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      ANNOTATIONS
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    54-2A-112. Business transactions of partner with partnership.
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      ANNOTATIONS
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    54-2A-113. Dual capacity.
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      ANNOTATIONS
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    54-2A-114. Office and agent for service of process.
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      ANNOTATIONS
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    54-2A-115. Change of designated office or agent for service of process.
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      ANNOTATIONS
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    54-2A-116. Resignation of agent for service of process.
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      ANNOTATIONS
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    54-2A-117. Service of process.
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      ANNOTATIONS
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    54-2A-118. Consent and proxies of partners.
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      ANNOTATIONS
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    54-2A-119. Limited partnership subject to amendment or repeal of the Uniform Revised Limited Partnership Act.
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      ANNOTATIONS
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  ARTICLE 2 Formation; Certificate Of Limited Partnership and Other Filings.
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    54-2A-201. Formation of limited partnership; certificate of limited partnership.
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      ANNOTATIONS
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    54-2A-202. Amendment or restatement of certificate.
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      ANNOTATIONS
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    54-2A-203. Statement of termination.
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      ANNOTATIONS
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    54-2A-204. Signing of records.
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      ANNOTATIONS
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    54-2A-205. Signing and filing pursuant to judicial order.
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      ANNOTATIONS
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    54-2A-206. Delivery to and filing of records by secretary of state; effective time and date.
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      ANNOTATIONS
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    54-2A-207. Correcting filed record.
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      ANNOTATIONS
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    54-2A-208. Liability for false information in filed record.
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      ANNOTATIONS
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    54-2A-209. Certificate of existence or authorization.
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      ANNOTATIONS
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    54-2A-210. Secretary of state fees.
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      ANNOTATIONS
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  ARTICLE 3 Limited Partners
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    54-2A-301. Becoming limited partner.
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      ANNOTATIONS
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    54-2A-302. No right or power as limited partner to bind limited partnership.
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      ANNOTATIONS
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    54-2A-303. No liability as limited partner for limited partnership obligations.
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      ANNOTATIONS
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    54-2A-304. Right of limited partner and former limited partner to information.
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      ANNOTATIONS
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    54-2A-305. Limited duties of limited partners.
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      ANNOTATIONS
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    54-2A-306. Person erroneously believing self to be limited partner.
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      ANNOTATIONS
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  ARTICLE 4 General Partners
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    54-2A-401. Becoming general partner.
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      ANNOTATIONS
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    54-2A-402. General partner agent of limited partnership.
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      ANNOTATIONS
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    54-2A-403. Limited partnership liable for general partner's actionable conduct.
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      ANNOTATIONS
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    54-2A-404. General partner's liability.
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      ANNOTATIONS
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    54-2A-405. Actions by and against partnership and partners.
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      ANNOTATIONS
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    54-2A-406. Management rights of general partner.
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      ANNOTATIONS
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    54-2A-407. Right of general partner and former general partner to information.
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      ANNOTATIONS
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    54-2A-408. General standards of general partner's conduct.
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      ANNOTATIONS
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  ARTICLE 5 Contributions and Distributions
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    54-2A-501. Form of contribution.
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      ANNOTATIONS
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    54-2A-502. Liability for contribution.
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      ANNOTATIONS
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    54-2A-503. Sharing of distributions.
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      ANNOTATIONS
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    54-2A-504. Interim distributions.
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      ANNOTATIONS
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    54-2A-505. No distribution on account of dissociation.
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      ANNOTATIONS
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    54-2A-506. Distribution in kind.
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      ANNOTATIONS
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    54-2A-507. Right to distribution.
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      ANNOTATIONS
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    54-2A-508. Limitations on distribution.
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      ANNOTATIONS
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    54-2A-509. Liability for improper distributions.
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      ANNOTATIONS
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  ARTICLE 6 Dissociation
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    54-2A-601. Dissociation as limited partner.
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      ANNOTATIONS
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    54-2A-602. Effect of dissociation as limited partner.
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      ANNOTATIONS
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    54-2A-603. Dissociation as general partner.
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      ANNOTATIONS
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    54-2A-604. Person's power to dissociate as general partner; wrongful dissociation.
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      ANNOTATIONS
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    54-2A-605. Effect of dissociation as general partner.
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      ANNOTATIONS
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    54-2A-606. Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner.
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      ANNOTATIONS
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    54-2A-607. Liability to other persons of person dissociated as general partner.
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      ANNOTATIONS
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  ARTICLE 7 Transferable Interests and Rights of Transferees and Creditors
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    54-2A-701. Partner's transferable interest.
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      ANNOTATIONS
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    54-2A-702. Transfer of partner's transferable interest.
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      ANNOTATIONS
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    54-2A-703. Rights of creditor of partner or transferee.
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      ANNOTATIONS
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    54-2A-704. Power of estate of deceased partner.
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      ANNOTATIONS
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  ARTICLE 8 Dissolution
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    54-2A-801. Nonjudicial dissolution.
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      ANNOTATIONS
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    54-2A-802. Judicial dissolution.
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      ANNOTATIONS
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    54-2A-803. Winding up.
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      ANNOTATIONS
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    54-2A-804. Power of general partner and person dissociated as general partner to bind partnership after dissolution.
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      ANNOTATIONS
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    54-2A-805. Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners and persons dissociated as general partner.
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      ANNOTATIONS
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    54-2A-806. Known claims against dissolved limited partnership.
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      ANNOTATIONS
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    54-2A-807. Other claims against dissolved limited partnership.
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      ANNOTATIONS
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    54-2A-808. Liability of general partner and person dissociated as general partner when claim against limited partnership barred.
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      ANNOTATIONS
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    54-2A-809. Disposition of assets; when contributions required.
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      ANNOTATIONS
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  ARTICLE 9 Foreign Limited Partnerships
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    54-2A-901. Governing law.
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      ANNOTATIONS
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    54-2A-902. Application for certificate of authority.
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      ANNOTATIONS
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    54-2A-903. Activities not constituting transacting business.
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      ANNOTATIONS
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    54-2A-904. Filing of certificate of authority.
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      ANNOTATIONS
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    54-2A-905. Noncomplying name of foreign limited partnership.
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      ANNOTATIONS
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    54-2A-906. Changes or errors in application for certificate of authority.
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      ANNOTATIONS
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    54-2A-907. Cancellation of certificate of authority; effect of failure to have certificate.
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      ANNOTATIONS
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    54-2A-908. Action by attorney general.
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  ARTICLE 10 Actions by Partners
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    54-2A-1001. Direct action by partner.
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    54-2A-1002. Derivative action.
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    54-2A-1003. Proper plaintiff.
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    54-2A-1004. Pleading.
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    54-2A-1005. Proceeds and expenses.
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  ARTICLE 11 Conversion and Merger
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    54-2A-1101. Definitions.
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    54-2A-1102. Conversion.
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    54-2A-1103. Action on plan of conversion by converting limited partnership.
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    54-2A-1104. Filings required for conversion; effective date.
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    54-2A-1105. Effect of conversion.
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    54-2A-1106. Merger.
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    54-2A-1107. Action on plan of merger by constituent limited partnership.
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    54-2A-1108. Filings required for merger; effective date.
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    54-2A-1109. Effect of merger.
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    54-2A-1110. Restrictions on approval of conversions and mergers.
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    54-2A-1111. Liability of general partner after conversion or merger.
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    54-2A-1112. Power of general partners and persons dissociated as general partners to bind organization after conversion or merger.
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    54-2A-1113. Article not exclusive.
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  ARTICLE 12 Miscellaneous Provisions
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    54-2A-1201. Uniformity of application and construction.
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    54-2A-1202. Severability.
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    54-2A-1203. Relation to Electronic Signatures in Global and National Commerce Act.
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    54-2A-1204. Application to existing limited partnerships and other relationships.
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    54-2A-1205. Saving clause.
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    54-2A-1206. Transition provisions.
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ARTICLE 3 Foreign Limited Partnerships (Recompiled.)
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  54-3-1 to 54-3-7. Recompiled.
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Historical New Mexico Statutes Annotated 1978

Decision Information

Chapter 54 - Partnerships (2020)

Collection	Historical New Mexico Statutes Annotated 1978
File Number	Chapter 54 NMSA 1978

Decision Content

Footnotes