New Mexico Statutes 54-2A-1201. Uniformity of application and construction
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In applying and construing the Uniform Revised Limited Partnership Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.
Terms Used In New Mexico Statutes 54-2A-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.