2019 New Mexico Statutes
Chapter 53 - Corporations
Article 19 - Limited Liability Companies
Section 53-19-59 - Conversions and mergers; definitions.
As used in Sections 53-19-59 through 53-19-62.3 NMSA 1978:
A. "corporation" means an organization incorporated under the laws of New Mexico or a foreign corporation;
B. "general partner" means a partner in a partnership and a general partner in a limited partnership;
C. "limited partner" means a limited partner in a limited partnership;
D. "limited partnership" means a limited partnership created under the Uniform Limited Partnership Act [repealed], a predecessor law or comparable law of another jurisdiction;
E. "partner" includes a general partner and a limited partner;
F. "partnership" means a general partnership under the Uniform Partnership Act [54-1A-1202 NMSA 1978], a predecessor law or comparable law of another jurisdiction;
G. "partnership agreement" means an agreement among the partners concerning the partnership or limited partnership; and
H. "shareholder" means a shareholder in a corporation.
History: 1978 Comp., § 53-19-59, enacted by Laws 1995, ch. 213, § 7.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Laws 2007, ch. 129, § 1206 repealed the Uniform Limited Partnership Act, 54-2-1 to 54-2-63 NMSA 1978, effective January 1, 2009.
Laws 1996, ch. 53, § 1004 repealed 54-1-1 to 54-1-43 NMSA 1978 of the Uniform Partnership Act, effective July 1, 1997, and Laws 1997, ch. 76, § 23 repealed 54-1-44 to 54-1-46 and 54-1-48 NMSA 1978 of the Uniform Partnership Act, effective July 1, 1997.
Repeals and reenactments. — Laws 1995, ch. 213, § 7 repealed 53-19-59 NMSA 1978, as enacted by Laws 1993, ch. 280, § 59, relating to merger or consolidation, and enacted a new section, effective June 16, 1995.
