N.M. Stat. § 54-2A-1003

Proper plaintiff.

Last amended: 2007Year: 2026Length: 73 wordsOfficial source
A derivative action may be maintained only by a person that is a partner at the time the action is commenced and: A. that was a partner when the conduct giving rise to the action occurred; or B. whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.
N.M. Stat. § 54-2A-1003: Proper plaintiff. | Justis AI