Maine Revised Statutes Title 31 Sec. 1342 – No right or power as limited partner to bind limited partnership
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maine Revised Statutes Title 31 Sec. 1342
- Limited partner: means :
A. See Maine Revised Statutes Title 31 Sec. 1302Partner: means a limited partner or general partner. See Maine Revised Statutes Title 31 Sec. 1302 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.
A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership. [PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).