N.M. Stat. Ann. § 54-1A-804 – Partner's power to bind partnership after dissolution

Subject to Section 805 [54-1A-805 NMSA 1978], a partnership is bound by a partner's act after dissolution that:

(1) is appropriate for winding up the partnership business; or
(2) would have bound the partnership under Section 301 [54-1A-301 NMSA 1978] before dissolution, if the other party to the transaction did not have notice of the dissolution.

History: Laws 1996, ch. 53, § 804.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 59A Am. Jur. 2d Partnership § 877 et seq.

Nonuse of trade name as affecting rights of partners inter se after dissolution of firm, 48 A.L.R. 1263.

Agency conferred upon partners as affected by dissolution of the partnership, 170 A.L.R. 512.

Powers of liquidating partner with respect to incurring obligations, 60 A.L.R.2d 826.

68 C.J.S. Partnership § 354.