{"data":{"id":"us-nm/54-2a-805","jurisdiction":"us-nm","citation":"54-2A-805","heading":"Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners and persons dissociated as general partner.","body":"A. If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation pursuant to Subsection A of Section 804 [54-2A-804 NMSA 1978] of the Uniform Revised Limited Partnership Act by an act that is not appropriate for winding up the partnership's activities, the general partner is liable:\n(1) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and\n(2) if another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability.\nB. If a person dissociated as a general partner causes a limited partnership to incur an obligation pursuant to Subsection B of Section 804 of the Uniform Revised Limited Partnership Act, the person is liable:\n(1) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and\n(2) if a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability.","path":["Chapter 54 - Partnerships","ARTICLE 2A Uniform Revised Limited Partnership Act"],"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":"7a39d45f010c18f49d168cb9bb2799e2ba2b8a3fe79cb61dd7b91b6992ff426e","source_id":"us-nm","stale":false,"prev":"us-nm/54-2a-804","next":"us-nm/54-2a-806"},"notice":"GroundRules: Original legal text. Not legal advice."}