reglab/housing_qa huggingface dataset:
NM Stat § 54-2A-607 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 6 - Dissociation|Section 54-2A-607 - Liability to other persons of person dissociated as general partner.

A. A person's dissociation as a general partner does not of itself discharge the person's liability as a general partner for an obligation of the limited partnership incurred before dissociation. Except as otherwise provided in Subsections B and C of this section, the person is not liable for a limited partnership's obligation incurred after dissociation. B. A person whose dissociation as a general partner resulted in a dissolution and winding up of the limited partnership's activities is liable to the same extent as a general partner pursuant to Section 404 [54-2A-404 NMSA 1978] of the Uniform Revised Limited Partnership Act on an obligation incurred by the limited partnership pursuant to Section 804 [54-2A-804 NMSA 1978] of the Uniform Revised Limited Partnership Act. C. A person that has dissociated as a general partner but whose dissociation did not result in a dissolution and winding up of the limited partnership's activities is liable on a transaction entered into by the limited partnership after the dissociation only if: (1) a general partner would be liable on the transaction; and (2) at the time the other party enters into the transaction: (a) less than two years has passed since the dissociation; and (b) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner. D. By agreement with a creditor of a limited partnership and the limited partnership, a person dissociated as a general partner may be released from liability for an obligation of the limited partnership. E. A person dissociated as a general partner is released from liability for an obligation of the limited partnership if the limited partnership's creditor, with notice of the person's dissociation as a general partner but without the person's consent, agrees to a material alteration in the nature or time of payment of the obligation. History: Laws 2007, ch. 129, § 607. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-701 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 7 - Transferable Interests and Rights of|Section 54-2A-701 - Partner's transferable interest.

The only interest of a partner that is transferable is the partner's transferable interest. A transferable interest is personal property. History: Laws 2007, ch. 129, § 701. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-702 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 7 - Transferable Interests and Rights of|Section 54-2A-702 - Transfer of partner's transferable interest.

A. A transfer, in whole or in part, of a partner's transferable interest: (1) is permissible; (2) does not by itself cause the partner's dissociation or a dissolution and winding up of the limited partnership's activities; and (3) does not, as against the other partners or the limited partnership, entitle the transferee to participate in the management or conduct of the limited partnership's activities, to require access to information concerning the limited partnership's transactions, except as otherwise provided in Subsection C of this section, or to inspect or copy the required information or the limited partnership's other records. B. A transferee has a right to receive, in accordance with the transfer: (1) distributions to which the transferor would otherwise be entitled; and (2) upon the dissolution and winding up of the limited partnership's activities, the net amount otherwise distributable to the transferor. C. In a dissolution and winding up, a transferee is entitled to an account of the limited partnership's transactions only from the date of dissolution. D. Upon transfer, the transferor retains the rights of a partner other than the interest in distributions transferred and retains all duties and obligations of a partner. E. A limited partnership need not give effect to a transferee's rights pursuant to this section until the limited partnership has notice of the transfer. F. A transfer of a partner's transferable interest in the limited partnership in violation of a restriction on transfer contained in the partnership agreement is ineffective as to a person having notice of the restriction at the time of transfer. G. A transferee that becomes a partner with respect to a transferable interest is liable for the transferor's obligations pursuant to Sections 502 [54-2A-502 NMSA 1978] and 509 [54-2A-509 NMSA 1978] of the Uniform Revised Limited Partnership Act. However, the transferee is not obligated for liabilities unknown to the transferee at the time the transferee became a partner. History: Laws 2007, ch. 129, § 702. ANNOTATIONSCross references. — For the definition of "transfer", see 54-2A-102 NMSA 1978. Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-703 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 7 - Transferable Interests and Rights of|Section 54-2A-703 - Rights of creditor of partner or transferee.

A. On application to a court of competent jurisdiction by any judgment creditor of a partner or transferee, the court may charge the transferable interest of the judgment debtor with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of a transferee. The court may appoint a receiver of the share of the distributions due or to become due to the judgment debtor in respect of the partnership and make all other orders, directions, accounts and inquiries the judgment debtor might have made or that the circumstances of the case may require to give effect to the charging order. B. A charging order constitutes a lien on the judgment debtor's transferable interest. The court may order a foreclosure upon the interest subject to the charging order at any time. The purchaser at the foreclosure sale has the rights of a transferee. C. At any time before foreclosure, an interest charged may be redeemed: (1) by the judgment debtor; (2) with property other than limited partnership property, by one or more of the other partners; or (3) with limited partnership property, by the limited partnership with the consent of all partners whose interests are not so charged. D. The Uniform Revised Limited Partnership Act does not deprive any partner or transferee of the benefit of any exemption laws applicable to the partner's or transferee's transferable interest. E. This section provides the exclusive remedy by which a judgment creditor of a partner or transferee may satisfy a judgment out of the judgment debtor's transferable interest. History: Laws 2007, ch. 129, § 703. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-704 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 7 - Transferable Interests and Rights of|Section 54-2A-704 - Power of estate of deceased partner.

If a partner dies, the deceased partner's personal representative or other legal representative may exercise the rights of a transferee as provided in Section 702 [54-2A-702 NMSA 1978] of the Uniform Revised Limited Partnership Act and, for the purposes of settling the estate, may exercise the rights of a current limited partner pursuant to Section 304 [54-2A-304 NMSA 1978] of the Uniform Revised Limited Partnership Act. History: Laws 2007, ch. 129, § 704. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-801 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-801 - Nonjudicial dissolution.

Except as otherwise provided in Section 802 [54-2A-802 NMSA 1978] of the Uniform Revised Limited Partnership Act, a limited partnership is dissolved, and its activities must be wound up, only upon the occurrence of any of the following: A. the happening of an event specified in the partnership agreement; B. the consent of all general partners and of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; C. after the dissociation of a person as a general partner: (1) if the limited partnership has at least one remaining general partner, the consent to dissolve the limited partnership given within ninety days after the dissociation by partners owning a majority of the rights to receive distributions as partners at the time the consent is to be effective; or (2) if the limited partnership does not have a remaining general partner, the passage of ninety days after the dissociation, unless before the end of the period: (a) consent to continue the activities of the limited partnership and admit at least one general partner is given by limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; and (b) at least one person is admitted as a general partner in accordance with the consent; or D. the passage of ninety days after the dissociation of the limited partnership's last limited partner, unless before the end of the period the limited partnership admits at least one limited partner. History: Laws 2007, ch. 129, § 801. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-802 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-802 - Judicial dissolution.

On application by a partner, the district court may order dissolution of a limited partnership if it is not reasonably practicable to carry on the activities of the limited partnership in conformity with the partnership agreement. History: Laws 2007, ch. 129, § 802. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-803 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-803 - Winding up.

A. A limited partnership continues after dissolution only for the purpose of winding up its activities. B. In winding up its activities, the limited partnership: (1) may amend its certificate of limited partnership to state that the limited partnership is dissolved, preserve the limited partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal or administrative, transfer the limited partnership's property, settle disputes by mediation or arbitration, file a statement of termination as provided in Section 203 [54-2A-203 NMSA 1978] of the Uniform Revised Limited Partnership Act and perform other necessary acts; and (2) shall discharge the limited partnership's liabilities, settle and close the limited partnership's activities and marshal and distribute the assets of the partnership. C. If a dissolved limited partnership does not have a general partner, a person to wind up the dissolved limited partnership's activities may be appointed by the consent of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective. A person appointed pursuant to this subsection: (1) has the powers of a general partner pursuant to Section 804 [54-2A-804 NMSA 1978] of the Uniform Revised Limited Partnership Act; and (2) shall promptly amend the certificate of limited partnership to state: (a) that the limited partnership does not have a general partner; (b) the name of the person that has been appointed to wind up the limited partnership; and (c) the street and mailing address of the person. D. On the application of any partner, the district court may order judicial supervision of the winding up, including the appointment of a person to wind up the dissolved limited partnership's activities, if: (1) a limited partnership does not have a general partner and within a reasonable time following the dissolution no person has been appointed pursuant to Subsection C of this section; or (2) the applicant establishes other good cause. History: Laws 2007, ch. 129, § 803. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-804 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-804 - Power of general partner and person dissociated as general partner to bind partnership after dissolution.

A. A limited partnership is bound by a general partner's act after dissolution that: (1) is appropriate for winding up the limited partnership's activities; or (2) would have bound the limited partnership pursuant to Section 402 [54-2A-402 NMSA 1978] of the Uniform Revised Limited Partnership Act before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution. B. A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if: (1) at the time the other party enters into the transaction: (a) less than two years has passed since the dissociation; and (b) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and (2) the act: (a) is appropriate for winding up the limited partnership's activities; or (b) would have bound the limited partnership pursuant to Section 402 of the Uniform Revised Limited Partnership Act before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution. History: Laws 2007, ch. 129, § 804. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-805 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-805 - Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners and persons dissociated as general partner.

A. If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation pursuant to Subsection A of Section 804 [54-2A-804 NMSA 1978] of the Uniform Revised Limited Partnership Act by an act that is not appropriate for winding up the partnership's activities, the general partner is liable: (1) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and (2) if another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability. B. If a person dissociated as a general partner causes a limited partnership to incur an obligation pursuant to Subsection B of Section 804 of the Uniform Revised Limited Partnership Act, the person is liable: (1) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and (2) if a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability. History: Laws 2007, ch. 129, § 805. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-806 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-806 - Known claims against dissolved limited partnership.

A. A dissolved limited partnership may dispose of the known claims against it by following the procedure described in Subsection B of this section. B. A dissolved limited partnership may notify its known claimants of the dissolution in a record. The notice shall: (1) specify the information required to be included in a claim; (2) provide a mailing address to which the claim is to be sent; (3) state the deadline for receipt of the claim, which shall not be less than one hundred twenty days after the date the notice is received by the claimant; (4) state that the claim will be barred if not received by the deadline; and (5) unless the limited partnership has been throughout its existence a limited liability limited partnership, state that the barring of a claim against the limited partnership will also bar any corresponding claim against any general partner or person dissociated as a general partner that is based on Section 404 [54-2A-404 NMSA 1978] of the Uniform Revised Limited Partnership Act. C. A claim against a dissolved limited partnership is barred if the requirements of Subsection B of this section are met and: (1) the claim is not received by the specified deadline; or (2) in the case of a claim that is timely received but rejected by the dissolved limited partnership, the claimant does not commence an action to enforce the claim against the limited partnership within ninety days after the receipt of the notice of the rejection. D. This section does not apply to a claim based on an event occurring after the effective date of dissolution or a liability that is contingent on that date. History: Laws 2007, ch. 129, § 806. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-807 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-807 - Other claims against dissolved limited partnership.

A. A dissolved limited partnership may publish notice of its dissolution and request persons having claims against the limited partnership to present them in accordance with the notice. B. The notice shall: (1) be published at least once in a newspaper of general circulation in the county in which the dissolved limited partnership's principal office is located or, if it has none in this state, in the county in which the limited partnership's designated office is or was last located; (2) describe the information required to be contained in a claim and provide a mailing address to which the claim is to be sent; (3) state that a claim against the limited partnership is barred unless an action to enforce the claim is commenced within five years after publication of the notice; and (4) unless the limited partnership has been throughout its existence a limited liability limited partnership, state that the barring of a claim against the limited partnership will also bar any corresponding claim against any general partner or person dissociated as a general partner that is based on Section 404 [54-2A-404 NMSA 1978] of the Uniform Revised Limited Partnership Act. C. If a dissolved limited partnership publishes a notice in accordance with Subsection B of this section, the claim of each of the following claimants is barred unless the claimant commences an action to enforce the claim against the dissolved limited partnership within five years after the publication date of the notice: (1) a claimant that did not receive notice in a record pursuant to Section 806 [54-2A-806 NMSA 1978] of the Uniform Revised Limited Partnership Act; (2) a claimant whose claim was timely sent to the dissolved limited partnership but not acted on; and (3) a claimant whose claim is contingent or based on an event occurring after the effective date of dissolution. D. A claim not barred pursuant to this section may be enforced: (1) against the dissolved limited partnership, to the extent of its undistributed assets; (2) if the assets have been distributed in liquidation, against a partner or transferee to the extent of that person's proportionate share of the claim or the limited partnership's assets distributed to the partner or transferee in liquidation, whichever is less, but a person's total liability for all claims pursuant to this paragraph does not exceed the total amount of assets distributed to the person as part of the winding up of the dissolved limited partnership; or (3) against any person liable on the claim pursuant to Section 404 of the Uniform Revised Limited Partnership Act. History: Laws 2007, ch. 129, § 807. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-808 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 8 - Dissolution|Section 54-2A-808 - Liability of general partner and person dissociated as general partner when claim against limited partnership barred.

If a claim against a dissolved limited partnership is barred pursuant to Section 806 [54-2A-806 NMSA 1978] or 807 [54-2A-807 NMSA 1978] of the Uniform Revised Limited Partnership Act, any corresponding claim pursuant to Section 404 [54-2A-404 NMSA 1978] of the Uniform Revised Limited Partnership Act is also barred. History: Laws 2007, ch. 129, § 808. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-901 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 9 - Foreign Limited Partnerships|Section 54-2A-901 - Governing law.

A. The laws of the state or other jurisdiction under which a foreign limited partnership is organized govern relations between the partners of the foreign limited partnership and between the partners and the foreign limited partnership and the liability of partners as partners for an obligation of the foreign limited partnership. B. A foreign limited partnership may not be denied a certificate of authority by reason of any difference between the laws of the jurisdiction under which the foreign limited partnership is organized and the laws of this state. C. A certificate of authority does not authorize a foreign limited partnership to engage in any business or exercise any power that a limited partnership may not engage in or exercise in this state. History: Laws 2007, ch. 129, § 901. ANNOTATIONSCompiler's notes. — Laws 2009, ch. 181, § 6 amended Laws 2007, ch. 129, § 1208 to change the effective date of this section from July 1, 2009 to January 1, 2010.