N.M. Stat. § 54-2A-303

No liability as limited partner for limited partnership

Last amended: 2007Year: 2026Length: 68 wordsOfficial source
obligations. An obligation of a limited partnership, whether arising in contract, tort or otherwise is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited partnership solely by reason of being a limited partner, even if the limited partner participates in the management and control of the limited partnership.
N.M. Stat. § 54-2A-303: No liability as limited partner for limited partnership | Justis AI