New Mexico Statutes
§ 54-1A-1103 — Effect of failure to qualify
(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Repealed§ 54-1A-1001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 qualify