New Mexico Statutes
§ 54-2A-602 — Effect of dissociation as limited partner
A. Upon a person's dissociation as a limited partner:
(1)subject to Section 704 [54-2A-704 NMSA 1978] of the Uniform Revised Limited Partnership Act, the person does not have further rights as a limited partner;
(2)the person's obligation of good faith and fair dealing as a limited partner pursuant to Subsection B of Section 305 [54-2A-305 NMSA 1978] of the Uniform Revised Limited Partnership Act continues only as to matters arising and events occurring before the dissociation; and (3) subject to Section 704 [54-2A-704 NMSA 1978] and Article 11 [54-2A- 1101 NMSA 1978] of the Uniform Revised Limited Partnership Act, any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person as a mere transferee. B. A p
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New Mexico § 54-2A-602 (Effect of dissociation as limited partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2007, ch. 129, § 602.
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Repealed§ 54-1A-1001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