Power of estate of deceased partner.

  1. Law
  2. New Mexico Statutes
  3. Partnerships
  4. Uniform Revised Limited Partnership Act
  5. Transferable Interests and Rights of
  6. Power of estate of deceased partner.

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If a partner dies, the deceased partner's personal representative or other legal representative may exercise the rights of a transferee as provided in Section 702 [54-2A-702 NMSA 1978] of the Uniform Revised Limited Partnership Act and, for the purposes of settling the estate, may exercise the rights of a current limited partner pursuant to Section 304 [54-2A-304 NMSA 1978] of the Uniform Revised Limited Partnership Act.

History: Laws 2007, ch. 129, § 704.

ANNOTATIONS

Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.


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