The attorney general may maintain an action to restrain a foreign limited partnership from transacting business in this state in violation of Article 9 [54-2A-901 N.M. Stat. Ann.] of the Uniform Revised Limited Partnership Act.

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Terms Used In New Mexico Statutes 54-2A-908

  • 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.