Section 54-2A-1206 – Transition provisions.
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 NMSA 1978 as they existed on December 31, 2008, apply to: A. a limited partnership formed on or after July 1, 2008; B. a limited partnership formed before […]
Section 54-3-1 to 54-3-7 – Recompiled.
ANNOTATIONS Recompilations. — Laws 1988, ch. 90, § 49 recompiled 54-3-1 to 54-3-7 NMSA 1978 as 54-2-49 to 54-2-56 NMSA 1978, effective September 1, 1989.
Section 54-2A-1111 – Liability of general partner after conversion or merger.
A. A conversion or merger pursuant to Article 11 [54-2A-1101 NMSA 1978] of the Uniform Revised Limited Partnership Act does not discharge any liability, pursuant to Sections 404 [54-2A-404 NMSA 1978] and 607 [54-2A-607 NMSA 1978] of that act, of a person that was a general partner in or dissociated as a general partner from […]
Section 54-2A-1112 – Power of general partners and persons dissociated as general partners to bind organization after conversion or merger.
A. An act of a person that immediately before a conversion or merger became effective was a general partner in a converting or constituent limited partnership binds the converted or surviving organization after the conversion or merger becomes effective, if: (1) before the conversion or merger became effective, the act would have bound the converting […]
Section 54-2A-1113 – Article not exclusive.
Article 11 [54-2A-1101 NMSA 1978] of the Uniform Revised Limited Partnership Act does not preclude an entity from being converted or merged pursuant to other law. History: Laws 2007, ch. 129, § 1113. ANNOTATIONS Compiler’s notes. — Laws 2009, ch. 181, § 6 amended Laws 2007, ch. 129, § 1208 to change the effective date […]
Section 54-2A-1201 – Uniformity of application and construction.
In applying and construing the Uniform Revised Limited Partnership Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. History: Laws 2007, ch. 129, § 1201. ANNOTATIONS Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective […]
Section 54-2A-1202 – Severability.
If any provision of the Uniform Revised Limited Partnership Act or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of that act that can be given effect without the invalid provision or application, and to this end the provisions of that act are severable. […]
Section 54-2A-1203 – Relation to Electronic Signatures in Global and National Commerce Act.
The Uniform Revised Limited Partnership Act modifies, limits or supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but the Uniform Revised Limited Partnership Act does not modify, limit or supersede Section 101(c) of the federal Electronic Signatures in Global and National Commerce Act or authorize electronic […]
Section 54-2A-1204 – Application to existing limited partnerships and other relationships.
A. The Uniform Revised Limited Partnership Act governs only: (1) a limited partnership formed on or after January 1, 2008; and (2) except as otherwise provided in Subsections B and C of this section, a limited partnership formed before January 1, 2008 that elects, in the manner provided in its partnership agreement or by law […]
Section 54-2A-1205 – Saving clause.
The Uniform Revised Limited Partnership Act does not affect an action commenced, proceeding brought or right accrued before January 1, 2008. History: Laws 2007, ch. 129, § 1205. ANNOTATIONS Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.