N.M. Stat. § 54-2A-1003

Current through 2024, ch. 69

Section 54-2A-1003 - Proper plaintiff

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

A. that was a partner when the conduct giving rise to the action occurred; or

B. whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

NMS § 54-2A-1003

Laws 2007, ch. 129, § 1003.