Maine Revised Statutes Title 31 Sec. 851 – Laws governing foreign limited liability partnerships
Current as of: 2023 | Check for updates
|
Other versions
1. Laws governing. Unless otherwise provided by the Constitution of Maine:
A. The laws of the state or country under which a foreign limited liability partnership is organized govern its organization and internal affairs and the liability of its partners, provided that each partner, employee or agent of a foreign limited liability partnership who performs professional services in this State on behalf of such a foreign limited liability partnership is personally and fully liable for any omission, negligence, wrongful act, misconduct or malpractice by that person or any person under that person’s direct supervision and control arising out of those professional services performed in this State; and [PL 1995, c. 633, Pt. B, §1 (NEW).]
B. A foreign limited liability partnership may not be denied the authority to do business by reason of a difference between the laws referred to in this subsection and the laws of this State. [PL 1995, c. 633, Pt. B, §1 (NEW).]
[PL 1995, c. 633, Pt. B, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 31 Sec. 851
- Foreign limited liability partnership: means a limited liability partnership formed pursuant to an agreement governed by the laws of another jurisdiction and registered under the laws of that jurisdiction. See Maine Revised Statutes Title 31 Sec. 802-A
- 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.
- Registered limited liability partnership: means a partnership formed pursuant to an agreement governed by the Uniform Partnership Act and registered under this Act. See Maine Revised Statutes Title 31 Sec. 802-A
2. Type of business. A foreign limited liability partnership may transact any business in this State that may be transacted by a registered limited liability partnership.
[PL 1995, c. 633, Pt. B, §1 (NEW).]
SECTION HISTORY
PL 1995, c. 633, §B1 (NEW).