LD 1609
pg. 35
Page 34 of 146 PUBLIC Law Chapter 543 Page 36 of 146
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LR 1469
Item 1

 
1.__Corporation.__"Corporation" means a corporation created
under the Maine Business Corporation Act, predecessor law or
comparable law of another jurisdiction.

 
2.__General partner.__"General partner" means a partner in a
partnership, a general partner in a limited partnership, a
general partner in a limited liability partnership and a general
partner in a limited liability limited partnership.

 
3.__Limited liability company.__"Limited liability company"
means a limited liability company created under the Maine Limited
Liability Company Act, predecessor law or comparable law of
another jurisdiction.

 
4.__Limited liability limited partnership.__"Limited liability
limited partnership" means a limited partnership whose
certificate of limited partnership states that the limited
partnership is a limited liability limited partnership.

 
5.__Limited partner.__"Limited partner" means a limited
partner in a limited partnership and a limited partner in a
limited liability partnership.

 
6.__Limited partnership.__"Limited partnership" means a
limited partnership created under the Uniform Limited Partnership
Act, predecessor law or comparable law of another jurisdiction.

 
7.__Member.__"Member" means a person reflected in the required
records of a limited liability company as the owner of some
governance rights of a membership interest in the limited
liability company.

 
8.__Partner.__"Partner" includes both a general partner and a
limited partner.

 
9.__Partnership.__"Partnership" means a partnership formed
under section 1022 or any predecessor law.

 
10.__Shareholder.__"Shareholder" means the person in whose
name the units into which proprietary interests in a corporation
are divided are registered in the records of the corporation or
the beneficiary owner of such units to the extent of the rights
granted by a nominee certificate on file with a corporation.

 
§1092.__Conversion of partnership to limited partnership

 
1.__Conversion.__A partnership may be converted to a limited
partnership pursuant to this section.


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