N.M. Stat. § 54-2A-1110

Restrictions on approval of conversions and mergers.

Last amended: 2007Year: 2026Length: 121 wordsOfficial source
A. If a partner of a converting or constituent limited partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without the consent of the partner, unless: (1) the limited partnership's partnership agreement provides for the approval of the conversion or merger with the consent of fewer than all the partners; and (2) the partner has consented to the provision of the partnership agreement. B. A partner does not give the consent required by Subsection A of this section merely by consenting to a provision of the partnership agreement that permits the partnership agreement to be amended with the consent of fewer than all the partners.
N.M. Stat. § 54-2A-1110: Restrictions on approval of conversions and mergers. | Justis AI