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

Me. Rev. Stat. tit. 31, § 163 (2026)

Loans and other business transactions with limited partner

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1969, c. 324, §1 (NEW). PL 1991, c. 552, §1 (RP). PL 1991, c. 552, §4 (AFF).
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Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2019–2023 · leading case: Cianchette v. Cianchette (Me. Super. Ct 2019).
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Cianchette v. Cianchette (Me. Super. Ct 2019). “As a result, a direct action under 31 M.R.S. § 163 7(3) is appropriate in this case.”
Marston v. Nappi (Me. Super. Ct 2023). “31 M.R.S. § 163 l (2022). As Marston points out, for Nappi and Torrey's first Count to persist under Section 1631, they must "plead an actual or threatened injmy that is not solely the result of an injmy suffered or threatened to be suffered by the limited liability company.”
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