N.M. Stat. § 54-2A-303

Current through 2024, ch. 69
Section 54-2A-303 - No liability as limited partner for limited partnership obligations

An obligation of a limited partnership, whether arising in contract, tort or otherwise is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited partnership solely by reason of being a limited partner, even if the limited partner participates in the management and control of the limited partnership.

NMS § 54-2A-303

Laws 2007, ch. 129, § 303.