N.M. Stat. § 54-2A-1110

Current through 2024, ch. 69
Section 54-2A-1110 - Restrictions on approval of conversions and mergers
A. If a partner of a converting or constituent limited partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without the consent of the partner, unless:
(1) the limited partnership's partnership agreement provides for the approval of the conversion or merger with the consent of fewer than all the partners; and
(2) the partner has consented to the provision of the partnership agreement.
B. A partner does not give the consent required by Subsection A of this section merely by consenting to a provision of the partnership agreement that permits the partnership agreement to be amended with the consent of fewer than all the partners.

NMS § 54-2A-1110

Laws 2007, ch. 129, § 1110.