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? The Uniform Partnership Act has adopted the theory that a partnership is not a legal entity separate and distinct from its membership except for such purposes as keeping partnership accounts, marshalling assets and conveyancing.
The NCCUSL website lists these states and territories as having adopted UPA (1997): Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Minnesota, Mississippi, Montana, Nebraska, Nevada, New ...
A Partnership Amendment, also called a Partnership Addendum, is used to modify, add, or remove terms in a Partnership Agreement. A Partnership Amendment is usually attached to an existing Partnership Agreement to reflect any changes.
Every partner in a firm is liable jointly with the other partners for all debts and obligations of the firm incurred while he is a partner, but a person who is admitted as a partner into an existing firm does not thereby become liable to the creditors of the firm for anything done before he became a partner; and after ...
To make amendments to your domestic limited liability company in New Mexico, submit Form DLLC-AM, Articles of Amendment to the Articles of Organization and a duplicate copy to the New Mexico Public Regulation Commission (PRC). The form is online (see link below).
The Uniform Partnership Act of 1997 (UPA) modernizes the Uniform Partnership Act of 1914, adopted in every state except Louisiana. It establishes a partnership as a separate legal entity, and not merely as an aggregate of individual partners.