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§ 54-1A-804 NMSA 1978

Partner's power to bind partnership after dissolution

Known as the Uniform Partnership Act

The act spans §§ 54–54 (67 sections).

Laws 1996, ch. 53, § 804.

Subject to Section 805 [ 54-1A-805 NMSA 1978], a partnership is bound by a partner's act after dissolution that:

(1) is appropriate for winding up the partnership business; or

(2) would have bound the partnership under Section 301 [ 54-1A-301 NMSA 1978] before dissolution, if the other party to the transaction did not have notice of the dissolution.

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.