Terms Used In Maine Revised Statutes Title 31 Sec. 830

  • 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.
The fact that a certificate of limited liability partnership is on file with the Secretary of State constitutes notice of facts set forth in the certificate that are required by section 822, subsection 1 and by section 823, subsection 6. [PL 1995, c. 633, Pt. B, §1 (NEW).]
SECTION HISTORY

PL 1995, c. 633, §B1 (NEW).