Maine § 31 §1061 Events causing partner's dissociation

Maine Statutes

§ 31 §1061 — Events causing partner's dissociation

Maine § 31 §1061

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 17UNIFORM PARTNERSHIP ACT

This text of Maine § 31 §1061 (Events causing partner's dissociation) 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 §1061 (2026).

Text

A partner is dissociated from a partnership upon the occurrence of any of the following events:

1.Notice of express will to withdraw. The partnership's having notice of the partner's express will to withdraw as a partner or on a later date specified by the partner;

2.Agreed event. An event agreed to in the partnership agreement as causing the partner's dissociation;

3.Expulsion pursuant to agreement. The partner's expulsion pursuant to the partnership agreement;

4.Expulsion by unanimous vote. The partner's expulsion by the unanimous vote of the other partners if:

5.Expulsion by judicial determination. On application by the partnership or another partner, the partner's expulsion by judicial determination because:

6.Partner's actions. The partner's:

7.Partner who is individual. In the

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A partner is dissociated from a partnership upon the occurrence of any of the following events:
1.
Notice of express will to withdraw.
The partnership's having notice of the partner's express will to withdraw as a partner or on a later date specified by the partner;
2.
Agreed event.
An event agreed to in the partnership agreement as causing the partner's dissociation;
3.
Expulsion pursuant to agreement.
The partner's expulsion pursuant to the partnership agreement;
4.
Expulsion by unanimous vote.
The partner's expulsion by the unanimous vote of the other partners if:
5.
Expulsion by judicial determination.
On application by the partnership or another partner, the partner's expulsion by judicial determination because:
6.
Partner's actions.
The partner's:
7.
Partner who is individual.
In the case of a partner who is an individual:
8.
Partner is trust or trustee.
In the case of a partner that is a trust or is acting as a partner by virtue of being a trustee of a trust, distribution of the trust's entire transferable interest in the partnership, but not merely by reason of the substitution of a successor trustee;
9.
Partner is estate or personal representative of estate.
In the case of a partner that is an estate or is acting as a partner by virtue of being a personal representative of an estate, distribution of the estate's entire transferable interest in the partnership, but not merely by reason of the substitution of a successor personal representative; or
10.
Termination.
Termination of a partner who is not an individual, partnership, limited liability company, corporation, trust or estate.