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11 chapters · 339 sections in this title.
31 M.R.S. § 1086 Partner's liability to other partners after dissolution
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1. Liable for partner's share. Except as otherwise provided in subsection 2 and section 1034, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under section 1084. 2. Liability for inappropriate act. A partne…
31 M.R.S. § 1087 Settlement of accounts and contributions among partners
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1. Application of assets. In winding up a partnership's business, the assets of the partnership, including the contributions of the partners required by this section, must be applied to discharge the partnership's obligations to creditors, including, to the extent permitted by la…
31 M.R.S. § 1091 Definitions
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As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2005, c. 543, Pt. A, §2 (NEW).] 1. Corporation. "Corporation" means a corporation created under the Maine Business Corporation Act, predecessor law or comparab…
31 M.R.S. § 1093 Conversion of partnership to a business entity
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1. Conversion. A partnership or a limited liability partnership may be converted to a limited partnership, limited liability limited partnership, corporation or limited liability company pursuant to this section. 2. Terms and conditions. The terms and conditions of a conversion o…