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Terms Used In Maine Revised Statutes Title 31 Sec. 1301

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
This chapter may be known and cited as “the Uniform Limited Partnership Act of 2007.” [PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY

PL 2005, c. 543, §C2 (NEW).