LD 1609
pg. 30
Page 29 of 146 PUBLIC Law Chapter 543 Page 31 of 146
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LR 1469
Item 1

 
alteration in the nature or time of payment of a partnership
obligation.

 
§1074.__Statement of dissociation

 
1.__Filing of statement.__A dissociated partner or the
partnership may file a statement of dissociation stating the name
of the partnership and that the partner is dissociated from the
partnership.

 
2.__Deemed to have notice.__For the purposes of section 1072,
subsection 1, paragraph C and section 1073, subsection 2,
paragraph C, a person not a partner is deemed to have notice of
the dissociation 90 days after the statement of dissociation is
filed.

 
§1075.__Continued use of partnership name

 
Continued use of a partnership name, or a dissociated
partner's name as part thereof, by partners continuing the
business does not of itself make the dissociated partner liable
for an obligation of the partners or the partnership continuing
the business.

 
SUBCHAPTER 8

 
WINDING UP PARTNERSHIP BUSINESS

 
§1081.__Events causing dissolution and winding up of partnership

 
business

 
A partnership is dissolved, and its business must be wound up,
only upon the occurrence of any of the following events:

 
1.__Notice of express will to withdraw.__In a partnership at
will, the partnership's having notice from a partner, other than
a partner who is dissociated under section 1061, subsections 2 to
10, of that partner's express will to withdraw as a partner, or
on a later date specified by the partner;

 
2.__Dissolution before expiration of term.__In a partnership
for a definite term or particular undertaking:

 
A.__Within 90 days after a partner's dissociation by death or
otherwise under section 1061, subsections 6 to 10 or wrongful
dissociation under section 1062, subsection 2, the express will
of at least 1/2 of the remaining partners to wind up the
partnership business, for which purpose a partner's rightful
dissociation pursuant to section 1062, subsection 2, paragraph B,
subparagraph (1) constitutes the


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