New Mexico Statutes
§ 54-1A-301 — Partner agent of partnership
New Mexico § 54-1A-301
This text of New Mexico § 54-1A-301 (Partner agent of partnership) 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-301 (2026).
Text
Subject to the effect of a statement of partnership authority under Section 303 [54- 1A-303 NMSA 1978]:
(1)each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership, unless the partner had no authority to act for the partnership in the particular matter and the person with whom the partner was dealing knew or had received a notification that the partner lacked authority; and (2) an act of a partner which is not apparently for carrying on in the ordinary course the partnership business or business of the kind carried on by the partnershi
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Legislative History
Laws 1996, ch. 53, § 301.
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Repealed§ 54-1A-1001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-301, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/54/54-1A-301.