Maine Revised Statutes
Subchapter 4: GENERAL PARTNERS
31 §1354. General partner's liability

§1354. General partner's liability
1.  Joint and several liability.  Except as otherwise provided in subsections 2 and 3, all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
2.  Pre-existing obligation.  A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
3.  Obligation of limited liability limited partnership.  Subject to the provisions of subsection 4, an obligation of a limited partnership incurred while the limited partnership is a limited liability limited partnership, whether arising in contract, tort or otherwise, is solely the obligation of the limited partnership. A general partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or acting as a general partner. This subsection applies despite anything inconsistent in the partnership agreement that existed immediately before the consent required to become a limited liability limited partnership under section 1356, subsection 2, paragraph B.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
4.  Professional limited liability limited partnership exception.  A partner of a professional limited liability limited partnership is jointly and severally liable for claims arising from the rendering of a professional service by such a professional limited liability partnership if that partner:  
A. Personally and directly participated in rendering that portion of the professional service that was performed negligently or in breach of any other legal duty; or   [PL 2005, c. 543, Pt. C, §2 (NEW).]
B. Directly supervised and controlled that portion of the professional service rendered by another person that was performed negligently or in breach of any other legal duty.   [PL 2005, c. 543, Pt. C, §2 (NEW).]
For purposes of this subsection, a "professional limited liability limited partnership" means a limited liability limited partnership that, by virtue of the business conducted by it, would be required to incorporate under the Maine Professional Service Corporation Act if that limited partnership were a corporation.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).

Structure Maine Revised Statutes