Me. Rev. Stat. » Title 31
Maine Revised Statutes

Me. Rev. Stat. tit. 31, § 1001 (2026)

Definitions

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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 2005, c. 543, Pt. A, §2 (NEW).]
1.  Business.  "Business" includes every trade, occupation and profession.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
2.  Debtor in bankruptcy.  "Debtor in bankruptcy" means a person who is the subject of:  
A. An order for relief under 11 United States Code or a comparable order under a successor statute of general application; or   [PL 2005, c. 543, Pt. A, §2 (NEW).]
B. A comparable order under federal, state or foreign law governing insolvency.   [PL 2005, c. 543, Pt. A, §2 (NEW).]
[PL 2005, c. 543, Pt. A, §2 (NEW).]
3.  Distribution.  "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
4.  Foreign limited liability partnership.  "Foreign limited liability partnership" means a partnership that:  
A. Is formed under laws other than the laws of this State; and   [PL 2005, c. 543, Pt. A, §2 (NEW).]
B. Has the status of a limited liability partnership under those laws.   [PL 2005, c. 543, Pt. A, §2 (NEW).]
[PL 2005, c. 543, Pt. A, §2 (NEW).]
5.  Limited liability partnership.  "Limited liability partnership" means a partnership that has registered as a limited liability partnership pursuant to section 821 and does not have a similar statement in effect in any other jurisdiction.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
6.  Partnership.  "Partnership" means an association of 2 or more persons to carry on as co-owners a business for profit formed under section 1022, predecessor law or comparable law of another jurisdiction.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
7.  Partnership agreement.  "Partnership agreement" means the agreement, whether written, oral or implied, among the partners concerning the partnership, including amendments to the partnership agreement.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
8.  Partnership at will.  "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
9.  Partnership interest; partner's interest in partnership.  "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
10.  Person.  "Person" means an individual, corporation, limited liability company, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency or instrumentality or any other legal or commercial entity.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
11.  Property.  "Property" means all property, real, personal or mixed, tangible or intangible or any interest therein.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
12.  State.  "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or insular possession subject to the jurisdiction of the United States.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
13.  Statement.  "Statement" means a statement of dissociation under section 1074, a statement of dissolution under section 1085, a statement of merger under section 1097, a statement electing to be governed by this chapter prior to July 1, 2006 or an amendment or cancellation of any of the foregoing.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
14.  Transfer.  "Transfer" includes an assignment, conveyance, lease, mortgage, deed and encumbrance.  
[PL 2005, c. 543, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §A2 (NEW).
Notes of Decisions
Cited in 2 cases, 2017–2018 · leading case: Janvier v. Janvier, No. YORcv-13-139 (Me. Super. Ct May 11, 2017).
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Janvier v. Janvier, No. YORcv-13-139 (Me. Super. Ct May 11, 2017). · cites it 4× “§ 953, and breached a fiduciary duty owed to the plaintiff pursuant to 31 M.R.S. §§ 1001 et seq. Defendants moved to dismiss the complaint pursuant to M.”
Trull v. Reynolds, No. WALre-15-27 (Me. Super. Ct Feb. 15, 2018). “31 MRS § 1001(6). 8 party," and another party to the instrument, in this section referred to as the "accommodation party," signs the instrument for the purpose of incurring liability on the instrument without being a direct beneficiary I of the value given for the instrument,…”
Me. Rev. Stat. tit. 31, § 1001(6): 1 case
Trull v. Reynolds, No. WALre-15-27 (Me. Super. Ct Feb. 15, 2018). “31 MRS § 1001(6). 8 party," and another party to the instrument, in this section referred to as the "accommodation party," signs the instrument for the purpose of incurring liability on the instrument without being a direct beneficiary I of the value given for the instrument,…”
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