N.M. Stat. § 54-1A-406
Continuation of partnership beyond definite term or
particular undertaking.
(a) If a partnership for a definite term or particular undertaking is continued, without
an express agreement, after the expiration of the term or completion of the undertaking,
the rights and duties of the partners remain the same as they were at the expiration or
completion, so far as is consistent with a partnership at will.
(b) If the partners, or those of them who habitually acted in the business during the
term or undertaking, continue the business without any settlement or liquidation of the
partnership, they are presumed to have agreed that the partnership will continue.