New Mexico Statutes 54-2A-1206. Transition provisions
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Until January 1, 2010, the provisions of Sections 54-1A-105, 54-1A-303, 54-1A-304, 54-1A-704, 54-1A-805, 54-1A-901 through 54-1A-908, 54-2-3 through 54-2-5, 54-2-9 through 54-2-14, 54-2-49 through 54-2-56 and 54-2-62 N.M. Stat. Ann. as they existed on December 31, 2008, apply to:
Terms Used In New Mexico Statutes 54-2A-1206
- 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. a limited partnership formed on or after July 1, 2008;
B. a limited partnership formed before July 1, 2008 that elects pursuant to the provisions of Paragraph (2) of Subsection A of Section 54-2A-1204 N.M. Stat. Ann. to be subject to the Uniform Revised Limited Partnership Act [N.M. Stat. Ann. Chapter 54, Article 2A]; and
C. a foreign limited partnership formed at any time.