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Section 54-1A-1101 - Law governing foreign limited liability partnership.

NM Stat § 54-1A-1101 (2019) (N/A)
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(a) The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.

(b) A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this state.

(c) A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this state as a limited liability partnership.

History: Laws 1997, ch. 76, § 17.

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Section 54-1A-1102 - Statement of foreign qualification.