New Mexico Statutes
§ 54-1A-806 — Partner's liability to other partners after dissolution
(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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New Mexico § 54-1A-806 (Partner's liability to other partners after dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1996, ch. 53, § 806; 1997, ch. 76, § 8.
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Repealed§ 54-1A-1001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