New Mexico § 54-1A-806 Partner's liability to other partners after dissolution

New Mexico Statutes

§ 54-1A-806 — Partner's liability to other partners after dissolution

New Mexico § 54-1A-806

Ch. 54Partnerships

Art. 8Winding Up Partnership Business.

This text of New Mexico § 54-1A-806 (Partner's liability to other partners after dissolution) 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-806 (2026).

Text

(a)Except as otherwise provided in Subsection (b) of this section and Section 54- 1A-306 NMSA 1978, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under Section 54-1A-804 NMSA 1978.

(b)A partner who, with knowledge of the dissolution, incurs a partnership liability under Section 54-1A-804(2) NMSA 1978 by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.

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(a) Except as otherwise provided in Subsection (b) of this section and Section 54- 1A-306 NMSA 1978, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under Section 54-1A-804 NMSA 1978. (b) A partner who, with knowledge of the dissolution, incurs a partnership liability under Section 54-1A-804(2) NMSA 1978 by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.