New Mexico § 38-4-3 - Joint contracts create joint and several liability; assumption of debt; partners; parties defendant

Full text of New Mexico New Mexico Statutes Annotated § 38-4-3 — Joint contracts create joint and several liability; assumption of debt; partners; parties defendant, with citation guidance and answers to common questions.

§ 38-4-3. Joint contracts create joint and several liability; assumption of debt; partners; parties defendant

All contracts, which by the common law are joint only, shall be held and construed

to be joint and several; and in all cases of joint obligations or assumptions by

partners and others, suit may be brought and prosecuted against any one or more of

the parties liable thereon, and when more than one person is joined as defendant in

any such suit, such suit may be prosecuted, and judgment rendered against any one

or more of such defendants.

Source: official New Mexico text · Last verified 2026-08-27

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Frequently Asked Questions About New Mexico § 38-4-3

What does New Mexico Statutes Annotated § 38-4-3 cover?

Section 38-4-3 ("Joint contracts create joint and several liability; assumption of debt; partners; parties defendant") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite New Mexico § 38-4-3?

A common citation format is "New Mexico Statutes Annotated § 38-4-3" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of New Mexico law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.

How does New Mexico § 38-4-3 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.