New Mexico Statutes 54-2A-808. Liability of general partner and person dissociated as general partner when claim against limited partnership barred
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If a claim against a dissolved limited partnership is barred pursuant to Section 806 [54-2A-806 N.M. Stat. Ann.] or 807 [54-2A-807 N.M. Stat. Ann.] of the Uniform Revised Limited Partnership Act, any corresponding claim pursuant to Section 404 [54-2A-404 N.M. Stat. Ann.] of the Uniform Revised Limited Partnership Act is also barred.
Terms Used In New Mexico Statutes 54-2A-808
- 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.