reglab/housing_qa huggingface dataset:
NM Stat § 54-1A-1205 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 1A - Uniform Partnerships|Article 12 - Miscellaneous Provisions.|Section 54-1A-1205 - Applicability.

(a) The Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA 1978] governs only a partnership formed under the laws of this state: (1) after the effective date of that act, unless that partnership is continuing the business of a dissolved partnership under Section 54-1-41 NMSA 1978, a part of the prior Uniform Partnership Act; and (2) before the effective date of that act, that elects, as provided by Subsection (b) of this section, to be governed by that act. (b) A partnership formed under the laws of this state before the effective date of the Uniform Partnership Act voluntarily may elect, in the manner provided in its partnership agreement or by law for amending the partnership agreement, to be governed by the Uniform Partnership Act (1994). Except as otherwise provided in Section 54-1A-306 NMSA 1978, the provisions of that act relating to the liability of the partnership's partners to third parties apply to limit those partners' liability to a third party who had done business with the partnership within one year preceding the partnership's election to be governed by that act, only if the third party knows or has received a notification of the partnership's election to be governed by that act. (c) Until a partnership formed under the laws of this state before the effective date of the Uniform Partnership Act (1994) elects voluntarily to be governed by that act, the partnership shall continue to be governed by the provisions of the prior Uniform Partnership Act. (d) Subsections (a) and (b) of this section shall not relieve a partnership formed under the laws of this state that elects to be governed by the Uniform Partnership Act (1994) from filing any statement of qualification required by Section 54-1A-1001 NMSA 1978. (e) The Uniform Partnership Act (1994) governs any partnership formed at any time under laws other than the laws of this state which shall file any statement of foreign qualification required by Section 54-1A-1102 [NMSA 1978]. History: Laws 1996, ch. 53, § 1005; 1978 Comp., 54-1A-1005, recompiled and amended as 1978 Comp., § 54-1A-1205 by Laws 1997, ch. 76, § 13. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the laws. The 1997 amendment, effective July 1, 1997, recompiled this section, which was formerly compiled as 54-1A-1005 NMSA 1978, and, in Subsection (a), in the introductory language, deleted "Before January 1, 2000" from the beginning and added "under the laws of this state" from the end and, in Paragraph (2), substituted "Subsection (b) of this section" for "Subsection (c)"; rewrote Subsections (b) and (c); and added Subsections (d) and (e).
NM Stat § 54-1A-1206 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 1A - Uniform Partnerships|Article 12 - Miscellaneous Provisions.|Section 54-1A-1206 - Filing fees.

The filing fee for any statement, annual report or other document filed with the secretary of state under the Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA 1978] is fifty dollars ($50.00). History: Laws 1997, ch. 76, § 22.
NM Stat § 54-2A-101 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-101 - Short title.

Chapter 54, Article 2A NMSA 1978 may be cited as the "Uniform Revised Limited Partnership Act". History: Laws 2007, ch. 129, § 101; 2009, ch. 181, § 1. ANNOTATIONSCompiler's note. — The Uniform Revised Limited Partnership Act repeals the Uniform Limited Partnership Act, § 54-2-1 NMSA 1978, effective January 1, 2009. For the prior Uniform Limited Partnership Act, see the 2006 NMSA 1978 on NMOneSource.com. The 2009 amendment, effective July 1, 2009, changed "This act" to "Chapter 54, Article 2A NMSA 1978". Object of limited partnership. — A limited partnership is strictly a creature of statute, its object being to enable persons not desiring to engage in a particular business to invest capital in it and to share in the profits which might be expected to result from its use, without becoming liable as general partners for all partnership debts. Hoefer v. Hall, 1965-NMSC-148, 75 N.M. 751, 411 P.2d 230. Partnership upon execution of agreement. — Where a written agreement is clear and unambiguous that the parties agreed to form a limited partnership pursuant to statute and to execute a certificate setting forth its duration and specifically providing that a partnership was to begin upon the execution of the certificate, a limited partnership as between the parties came into existence upon their execution of the certificate of limited partnership. Hoefer v. Hall, 1965-NMSC-148, 75 N.M. 751, 411 P.2d 230. Law reviews. — For article, "The Use (or Abuse) of the Limited Partnership in Financing Real Estate Ventures in New Mexico," see 3 N.M. L. Rev. 251 (1973). Am. Jur. 2d, A.L.R. and C.J.S. references. — 59A Am. Jur. 2d Partnership §§ 1237, 1238. Liability of special partner who has withdrawn his capital, to creditors of the firm, 67 A.L.R. 1096. Constitutionality. 18 A.L.R.2d 1360. Construction and effect of statute as to doing business under an assumed or fictitious name or designation not showing the names of the persons interested, 42 A.L.R.2d 516. 68 C.J.S. Partnership § 449.
NM Stat § 54-2A-104 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-104 - Nature, purpose and duration of entity.

A. A limited partnership is an entity distinct from its partners. B. A limited partnership may be organized pursuant to the Uniform Revised Limited Partnership Act for any lawful purpose. C. A limited partnership has a perpetual duration. History: Laws 2007, ch. 129, § 104. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-105 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-105 - Powers.

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. History: Laws 2007, ch. 129, § 105. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-106 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-106 - Governing law.

The law of this state governs relations between the partners of a limited partnership and between the partners and the limited partnership, and the liability of partners as partners for an obligation of the limited partnership. History: Laws 2007, ch. 129, § 106. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-107 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-107 - Supplemental principles of law; rate of interest.

A. Unless displaced by particular provisions of the Uniform Revised Limited Partnership Act, the principles of law and equity supplement that act. B. If an obligation to pay interest arises pursuant to the Uniform Revised Limited Partnership Act and the rate is not specified, the rate is that specified in Section 56-8-4 NMSA 1978 for judgments and decrees. History: Laws 2007, ch. 129, § 107. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-109 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-109 - Reservation of name.

A. The exclusive right to the use of a name that complies with Section 108 [54-2A-108 NMSA 1978] of the Uniform Revised Limited Partnership Act may be reserved by: (1) a person intending to organize a limited partnership pursuant to that act and to adopt the name; (2) a limited partnership or a foreign limited partnership authorized to transact business in this state intending to adopt the name; (3) a foreign limited partnership intending to obtain a certificate of authority to transact business in this state and adopt the name; (4) a person intending to organize a foreign limited partnership and intending to have it obtain a certificate of authority to transact business in this state and adopt the name; (5) a foreign limited partnership formed under the name; or (6) a foreign limited partnership formed under a name that does not comply with Subsection B or C of Section 108 of the Uniform Revised Limited Partnership Act, but the name reserved pursuant to this paragraph may differ from the foreign limited partnership's name only to the extent necessary to comply with Subsections B and C of Section 108 of the Uniform Revised Limited Partnership Act. B. A person may apply to reserve a name pursuant to Subsection A of this section by delivering to the secretary of state for filing an application that states the name to be reserved and the paragraph of Subsection A of this section that applies. If the secretary of state finds that the name is available for use by the applicant, the secretary of state shall file a statement of name reservation and thereby reserve the name for the exclusive use of the applicant for one hundred twenty days. C. An applicant that has reserved a name pursuant to Subsection B of this section may reserve the same name for additional one hundred twenty-day periods. A person having a current reservation for a name may not apply for another one hundred twenty-day period for the same name until ninety days have elapsed in the current reservation. D. A person that has reserved a name pursuant to this section may deliver to the secretary of state for filing a notice of transfer that states the reserved name, the name and street and mailing address of some other person to which the reservation is to be transferred and the paragraph of Subsection A of this section that applies to the other person. Subject to Subsection C of Section 206 [54-2A-206 NMSA 1978] of the Uniform Revised Limited Partnership Act, the transfer is effective when the secretary of state files the notice of transfer. History: Laws 2007, ch. 129, § 109. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective July 1, 2009.
NM Stat § 54-2A-111 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-111 - Required information.

A limited partnership shall maintain at its designated office the following information: A. a current list showing the full name and last known street and mailing address of each partner, separately identifying the general partners, in alphabetical order, and the limited partners, in alphabetical order; B. a copy of the initial certificate of limited partnership and all amendments to and restatements of the certificate, together with signed copies of any powers of attorney under which any certificate, amendment or restatement has been signed; C. a copy of any filed articles of conversion or merger; D. a copy of the limited partnership's federal, state and local income tax returns and reports, if any, for the three most recent years; E. a copy of any partnership agreement made in a record and any amendment made in a record to any partnership agreement; F. a copy of any financial statement of the limited partnership for the three most recent years; G. a copy of any record made by the limited partnership during the past three years of any consent given by or vote taken of any partner pursuant to the Uniform Revised Limited Partnership Act or the partnership agreement; and H. unless contained in a partnership agreement made in a record, a record stating: (1) the amount of cash, and a description and statement of the agreed value of the other benefits, contributed and agreed to be contributed by each partner; (2) the times at which, or events on the happening of which, any additional contributions agreed to be made by each partner are to be made; (3) for any person that is both a general partner and a limited partner, a specification of what transferable interest the person owns in each capacity; and (4) any events upon the happening of which the limited partnership is to be dissolved and its activities wound up. History: Laws 2007, ch. 129, § 111. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-112 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-112 - Business transactions of partner with partnership.

A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner. History: Laws 2007, ch. 129, § 112. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-113 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-113 - Dual capacity.

A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties and obligations provided by the Uniform Revised Limited Partnership Act and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties and restrictions pursuant to that act and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties and restrictions pursuant to that act and the partnership agreement for limited partners. History: Laws 2007, ch. 129, § 113. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-114 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-114 - Office and agent for service of process.

A. A limited partnership shall designate and continuously maintain in this state: (1) an office, which need not be a place of its activity in this state; and (2) an agent for service of process. B. A foreign limited partnership shall designate and continuously maintain in this state an agent for service of process. C. An agent for service of process of a limited partnership or foreign limited partnership must be an individual who is a resident of this state or other person authorized to do business in this state. History: Laws 2007, ch. 129, § 114. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective July 1, 2009.
NM Stat § 54-2A-115 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-115 - Change of designated office or agent for service of process.

In order to change its designated office, agent for service of process or the address of its agent for service of process, a limited partnership or a foreign limited partnership shall deliver to the secretary of state for filing an amendment or restatement of its certificate of limited partnership. History: Laws 2007, ch. 129, § 115. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective July 1, 2009.
NM Stat § 54-2A-116 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-116 - Resignation of agent for service of process.

A. In order to resign as an agent for service of process of a limited partnership or foreign limited partnership, the agent must deliver to the secretary of state for filing a statement of resignation containing the name of the limited partnership or foreign limited partnership. B. After receiving a statement of resignation, the secretary of state shall file it and mail a copy to the designated office of the limited partnership or foreign limited partnership and mail another copy to the principal office if the address of the office appears in the records of the secretary of state and is different from the address of the designated office. C. An agency for service of process is terminated on the thirty-first day after the secretary of state files the statement of resignation. History: Laws 2007, ch. 129, § 116. ANNOTATIONSCross references. — For service of process in the district court, see 1-004 NMRA and the committee comment following that rule. Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective July 1, 2009.
NM Stat § 54-2A-117 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-117 - Service of process.

A. An agent for service of process appointed by a limited partnership or foreign limited partnership is an agent of the limited partnership or foreign limited partnership for service of any process, notice or demand required or permitted by law to be served upon the limited partnership or foreign limited partnership. B. If a limited partnership or foreign limited partnership does not appoint or maintain an agent for service of process in this state or the agent for service of process cannot with reasonable diligence be found at the agent's address, the secretary of state is an agent of the limited partnership or foreign limited partnership upon whom process, notice or demand may be served. C. Service of any process, notice or demand on the secretary of state may be made by delivering to and leaving with the secretary of state duplicate copies of the process, notice or demand and the fee required by Section 210 [54-2A-210 NMSA 1978] of the Uniform Revised Limited Partnership Act. If a process, notice or demand is served on the secretary of state, the secretary of state shall forward one of the copies by registered or certified mail, return receipt requested, to the limited partnership or foreign limited partnership at its designated office. D. Service is effected pursuant to Subsection C of this section at the earliest of: (1) the date the limited partnership or foreign limited partnership receives the process, notice or demand; (2) the date shown on the return receipt, if signed on behalf of the limited partnership or foreign limited partnership; or (3) ten days after the process, notice or demand is deposited in the mail, if mailed postpaid and correctly addressed. E. The secretary of state shall keep a record of each process, notice and demand served pursuant to this section and record the time of, and the action taken regarding, the service. These records may be destroyed after five years. F. This section does not affect the right to serve process, notice or demand in any other manner provided by law. History: Laws 2007, ch. 129, § 117. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective July 1, 2009.
NM Stat § 54-2A-118 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-118 - Consent and proxies of partners.

Action requiring the consent of partners pursuant to the Uniform Revised Limited Partnership Act may be taken without a meeting, and a partner may appoint a proxy to consent or otherwise act for the partner by signing an appointment record, either personally or by the partner's attorney in fact. History: Laws 2007, ch. 129, § 118. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-119 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 1 - General Provisions|Section 54-2A-119 - Limited partnership subject to amendment or repeal of the Uniform Revised Limited Partnership Act.

A limited partnership governed by the Uniform Revised Limited Partnership Act is subject to any amendment to or repeal of that act. History: Laws 2007, ch. 129, § 119. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
NM Stat § 54-2A-201 (2021)
2021 New Mexico Statutes|Chapter 54 - Partnerships|Article 2A - Uniform Revised Limited Partnership Act|Article 2 - Formation; Certificate Of|Section 54-2A-201 - Formation of limited partnership; certificate of limited partnership.

A. In order for a limited partnership to be formed, a certificate of limited partnership must be delivered to the secretary of state for filing. The certificate must state: (1) the name of the limited partnership, which must comply with Subsections A, B, C, D, E and F of Section 108 [54-2A-108 NMSA 1978] of the Uniform Revised Limited Partnership Act; (2) the street and mailing address of the initial designated office and the name and street and mailing address of the initial agent for service of process; (3) the name and street and mailing address of each general partner; (4) that the limited partnership is a limited liability limited partnership; and (5) any additional information required by Article 11 [54-2A-1101 NMSA 1978] of the Uniform Revised Limited Partnership Act. B. A certificate of limited partnership may also contain any other matters but may not vary or otherwise affect the provisions specified in Subsection B of Section 110 [54-2A-110 NMSA 1978] of the Uniform Revised Limited Partnership Act in a manner inconsistent with that section. C. If there has been substantial compliance with Subsection A of this section, subject to Subsection C of Section 206 [54-2A-206 NMSA 1978] of the Uniform Revised Limited Partnership Act, a limited partnership is formed when the secretary of state files the certificate of limited partnership. The filing of a limited partnership certificate establishes that all conditions precedent to the formation of the limited partnership have been satisfied and that the limited partnership has been duly organized under the Uniform Revised Limited Partnership Act. D. Subject to Subsection B of this section, if any provision of a partnership agreement is inconsistent with the filed certificate of limited partnership or with a filed statement of dissociation, termination or filed articles of conversion or merger: (1) the partnership agreement prevails as to partners and transferees; and (2) the filed certificate of limited partnership, statement of dissociation, termination or filed articles of conversion or merger prevail as to persons, other than partners and transferees, that reasonably rely on the filed record to their detriment. History: Laws 2007, ch. 129, § 201. ANNOTATIONSEffective dates. — Laws 2007, ch. 129, § 1208 made the section effective July 1, 2009.