§1313. Dual capacity
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. [PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).
Structure Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 19: UNIFORM LIMITED PARTNERSHIP ACT
Subchapter 1: GENERAL PROVISIONS
31 §1303. Knowledge and notice
31 §1304. Nature, purpose and duration of entity
31 §1307. Supplemental principles of law; rate of interest
31 §1308. Limited partnership name; assumed name
31 §1309. Reserved name; registered name of foreign limited partnership
31 §1310. Effect of partnership agreement; nonwaivable provisions
31 §1311. Required information
31 §1312. Business transactions of partner with partnership
31 §1314. Registered office; registered agent (REPEALED)
31 §1314-A. Registered agent of domestic or foreign limited partnership
31 §1315. Change of registered office or registered agent (REPEALED)
31 §1316. Resignation of registered agent (REPEALED)
31 §1317. Service of process (REPEALED)
31 §1317-A. Service of process on domestic or foreign limited partnership