Supplemental principles of law.

  1. Law
  2. New Mexico Statutes
  3. Partnerships
  4. Uniform Partnerships
  5. General Provisions.
  6. Supplemental principles of law.

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(a) Unless displaced by particular provisions of the Uniform Partnership Act (1994) [54-1A-101 to 54-1A-1206 NMSA 1978], the principles of law and equity supplement that act.

(b) If an obligation to pay interest arises under the Uniform Partnership Act (1994) and the rate is not specified, the rate is that specified in Section 56-8-4 NMSA 1978.

History: Laws 1996, ch. 53, § 104.

ANNOTATIONS

Effective dates. — Laws 1996, ch. 53, § 1007 makes the Uniform Partnership Act (1994) effective on July 1, 1997.


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