(a) A partnership is an entity distinct from its partners.
(b) A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under Section 54-1A-1001 NMSA 1978.
§ 54-1A-201 NMSA 1978
Partnership as entity
Known as the Uniform Partnership Act
The act spans §§ 54–54 (67 sections).
Laws 1996, ch. 53, § 201; 1997, ch. 76, § 4.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.