Property acquired by a partnership is property of the partnership and not of the partners individually.
§ 54-1A-203 NMSA 1978
Partnership property
Known as the Uniform Partnership Act
The act spans §§ 54–54 (67 sections).
Laws 1996, ch. 53, § 203.
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.