N.M. Stat. § 54-2A-1002

Derivative action.

Last amended: 2007Year: 2026Length: 62 wordsOfficial source
A partner may maintain a derivative action to enforce a right of a limited partnership if: A. the partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or B. a demand would be futile.
N.M. Stat. § 54-2A-1002: Derivative action. | Justis AI