New Mexico Statutes 54-2A-1104. Filings required for conversion; effective date
A. After a plan of conversion is approved:
Terms Used In New Mexico Statutes 54-2A-1104
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.
- Statute: A law passed by a legislature.
(1) a converting limited partnership shall deliver to the secretary of state for filing articles of conversion that shall include:
(a) a statement that the limited partnership has been converted into another organization;
statute;
(b) the name and form of the organization and the jurisdiction of its governing (c) the date the conversion is effective pursuant to the governing statute of the converted organization;
(d) a statement that the conversion was approved as required by the Uniform Revised Limited Partnership Act;
(e) a statement that the conversion was approved as required by the governing statute of the converted organization; and
(f) if the converted organization is a foreign organization not authorized to transact business in this state, the street and mailing address of an office that the secretary of state may use for the purposes of Subsection C of Section 1105 [54-2A- 1105 NMSA 1978] of the Uniform Revised Limited Partnership Act; and
(2) if the converting organization is not a converting limited partnership, the converting organization shall deliver to the secretary of state for filing a certificate of limited partnership that shall include, in addition to the information required by section 201 [54-2A-201 N.M. Stat. Ann.] of the Uniform Revised Limited Partnership Act:
(a) a statement that the limited partnership was converted from another organization;
(b) the name and form of the organization and the jurisdiction of its governing statute; and
(c) a statement that the conversion was approved in a manner that complied with the organization’s governing statute.
B. A conversion becomes effective:
(1) if the converted organization is a limited partnership, when the certificate of limited partnership takes effect; and
(2) if the converted organization is not a limited partnership, as provided by the governing statute of the converted organization.