Maine § 1104. - Applicability
Full text of Maine Maine Revised Statutes § 1104. — Applicability, with citation guidance and answers to common questions.
§ 1104.. Applicability
1. Application before July 1, 2007. Before July 1, 2007, this chapter governs only a partnership formed:
A. After July 1, 2007, except a partnership that is continuing the business of a dissolved partnership under former Title 31, section 318; and [PL 2005, c. 543, Pt. A, §2 (NEW).]
B. Before July 1, 2007 that elects, as provided by subsection 3, to be governed by this chapter. [PL 2005, c. 543, Pt. A, §2 (NEW).]
2. Application on and after July 1, 2007. On and after July 1, 2007, this chapter governs all partnerships.
3. Election before July 1, 2007. Before July 1, 2007, a partnership voluntarily may elect, in the manner provided in its partnership agreement or by law for amending the partnership agreement, to be governed by this chapter. The provisions of this chapter relating to the liability of the partnership's partners to 3rd parties apply to limit those partners' liability to a 3rd party who had done business with the partnership within one year before the partnership's election to be governed by this chapter only if the 3rd party knows or has received a notification of the partnership's election to be governed by this chapter. A partnership may elect to be governed by this chapter by filing a statement of election stating the name of the partnership and that the partnership has made the election pursuant to this section.
Frequently Asked Questions About Maine § 1104.
What does Maine Revised Statutes § 1104. cover?
Section 1104. ("Applicability") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 1104.?
A common citation format is "Maine Revised Statutes § 1104." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1104. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.