{"data":{"id":"us-nm/54-1a-1103","jurisdiction":"us-nm","citation":"54-1A-1103","heading":"Effect of failure to qualify.","body":"(a) A foreign limited liability partnership transacting business in this state may not maintain an action or proceeding in this state unless it has in effect a statement of foreign qualification.\n(b) The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification does not impair the validity of a contract or act of the foreign limited liability partnership or preclude it from defending an action or proceeding in this state.\n(c) A limitation on personal liability of a partner is not waived solely by transacting business in this state without a statement of foreign qualification.\n(d) If a foreign limited liability partnership transacts business in this state without a statement of foreign qualification, the secretary of state is its agent for service of process with respect to a right of action arising out of the transaction of business in this state.","path":["Chapter 54 - Partnerships","ARTICLE 1A Uniform Partnerships"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18557/index.do","current_through":"2022-05-12","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"9c4a1de91479b38cc84946b1e4e7fabf8a9f5ef386620d40a2c4d0617837f0ae","source_id":"us-nm","stale":false,"prev":"us-nm/54-1a-1102","next":"us-nm/54-1a-1104"},"notice":"GroundRules: Original legal text. Not legal advice."}