Rule 24-107 - Lawyer limited liability entitiesA.Authorized entities. A lawyer may practice law as a shareholder, member, owner, partner or employee of any limited liability entity, including but not limited to a domestic or foreign limited liability company, professional corporation or limited liability partnership, provided that the statutory law governing the limited liability entity:(1) does not expressly prohibit the practice of law in such entity form; and(2) expressly provides that nothing in the statute shall be construed to immunize a lawyer from liability or prospectively limit a lawyer's liability for the consequences of the lawyer's own acts or omissions.B.Retroactive effect. This rule shall be given retroactive effect.Approved, effective March 28, 2005. ANNOTATIONS Compiler's note. - Rule 24-107 NMRA was approved by Supreme Court Order 05-8300-08, dated March 28, 2005.