New Mexico Statutes 54-2A-301. Becoming limited partner
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A person becomes a limited partner:
Terms Used In New Mexico Statutes 54-2A-301
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A. as provided in the partnership agreement;
B. as the result of a conversion or merger pursuant to Article 11 [54-2A-1101 N.M. Stat. Ann.] of the Uniform Revised Limited Partnership Act; or
C. with the consent of all the partners.