Maine § 31 §1053 Transfer of partner's transferable interest

Maine Statutes

§ 31 §1053 — Transfer of partner's transferable interest

Maine § 31 §1053

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 17UNIFORM PARTNERSHIP ACT

This text of Maine § 31 §1053 (Transfer of partner's transferable interest) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 31, § 31 §1053 (2026).

Text

1.Transfer of interest. A transfer, in whole or in part, of a partner's transferable interest in the partnership:

2.Transferee of partner's interest. A transferee of a partner's transferable interest in the partnership has a right:

3.Account of transaction to transferee. In a dissolution and winding up, a transferee is entitled to an account of partnership transactions only from the date of the latest account agreed to by all of the partners.

4.Rights and duties retained. Upon transfer, the transferor retains the rights and duties of a partner other than the interest in distributions transferred.

5.Effect to transferee's rights; notice. A partnership need not give effect to a transferee's rights under this section until the partnership has notice of the transfer.

6.Transfer in violat

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1.
Transfer of interest.
A transfer, in whole or in part, of a partner's transferable interest in the partnership:
2.
Transferee of partner's interest.
A transferee of a partner's transferable interest in the partnership has a right:
3.
Account of transaction to transferee.
In a dissolution and winding up, a transferee is entitled to an account of partnership transactions only from the date of the latest account agreed to by all of the partners.
4.
Rights and duties retained.
Upon transfer, the transferor retains the rights and duties of a partner other than the interest in distributions transferred.
5.
Effect to transferee's rights; notice.
A partnership need not give effect to a transferee's rights under this section until the partnership has notice of the transfer.
6.
Transfer in violations.
A transfer of a partner's transferable interest in the partnership in violation of a restriction on transfer contained in the partnership agreement is ineffective as to a person having notice of the restriction at the time of transfer.