A person becomes a limited partner:

Terms Used In New Mexico Statutes 54-2A-301

  • 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.

A. as provided in the partnership agreement;

B. as the result of a conversion or merger pursuant to Article 11 [54-2A-1101 N.M. Stat. Ann.] of the Uniform Revised Limited Partnership Act; or

C. with the consent of all the partners.