New Mexico Statutes 54-2A-118. Consent and proxies of partners
Current as of: 2023 | Check for updates
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Action requiring the consent of partners pursuant to the Uniform Revised Limited Partnership Act may be taken without a meeting, and a partner may appoint a proxy to consent or otherwise act for the partner by signing an appointment record, either personally or by the partner’s attorney in fact.
Terms Used In New Mexico Statutes 54-2A-118
- 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.