New Mexico Statutes
§ 54-1A-1103 — Effect of failure to qualify
New Mexico § 54-1A-1103
This text of New Mexico § 54-1A-1103 (Effect of failure to qualify) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 54-1A-1103 (2026).
Text
(a)A foreign limited liability partnership transacting business in this state may not maintain an action or proceeding in this state unless it has in effect a statement of foreign qualification.
(b)The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification does not impair the validity of a contract or act of the foreign limited liability partnership or preclude it from defending an action or proceeding in this state.
(c)A limitation on personal liability of a partner is not waived solely by transacting business in this state without a statement of foreign qualification.
(d)If a foreign limited liability partnership transacts business in this state without a statement of foreign qualification, the secretary of state is its agent for ser
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Legislative History
Laws 1997, ch. 76, § 19.
Nearby Sections
15
§ 54-1-48
Repealed§ 54-1A-1001
Statement of qualification§ 54-1A-1002
Statement of qualification; name§ 54-1A-1003
Annual report§ 54-1A-101
Definitions§ 54-1A-102
Knowledge and notice§ 54-1A-103
Effect of partnership agreement; nonwaivable§ 54-1A-104
Supplemental principles of law§ 54-1A-106
Governing law§ 54-1A-1102
Statement of foreign qualification§ 54-1A-1103
Effect of failure to qualifyCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 54-1A-1103, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/54/54-1A-1103.