A limited partnership has the powers to do all things necessary or convenient to carry on its activities, including the power to sue, be sued and defend in its own name and to maintain an action against a partner for harm caused to the limited partnership by a breach of the partnership agreement or violation of a duty to the partnership.
§ 54-2A-105 NMSA 1978
Powers
Known as the Uniform Revised Limited Partnership Act
The act spans §§ 54–54 (104 sections).
Laws 2007, ch. 129, § 105.
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.