31 M.R.S. §1313: Dual capacity
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT
- SUBCHAPTER 1: GENERAL PROVISIONS
A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for limited partners.
Collected 2026-09-04T15:12:37Z. Source file · JSON