New Mexico Statutes 54-1A-1201. Uniformity of application and construction
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The Uniform Partnership Act (1994) N.M. Stat. Ann. § 54-1A-101 to 54-1A-1206 shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of that act among states enacting it.
Terms Used In New Mexico Statutes 54-1A-1201
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.