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§418. Conversion of limited partnership |
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| | | 1. Definitions. For purposes of this section, "business | | entity" means any association or legal entity organized to | | conduct business, including a domestic or foreign corporation, | | limited liability company, limited partnership, general | | partnership, limited liability partnership, joint venture, joint | | stock company and business trust. |
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| | | 2. Authority. A business entity limited partnership may | | convert to another type of business entity by complying with the | requirements of section 419 and Title 13-A, section 912 13-C, | | chapter 9, subchapter 4. |
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| | | Sec. 21. 31 MRSA §611, first ¶, as repealed and replaced by PL 1995, c. | | 633, Pt. C, §16, is amended to read: |
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| | | A limited liability company may be organized under this | | chapter for any lawful purpose. If the purpose for which a | | limited liability company is organized or its form makes it | | subject to a special provision of law, the limited liability | | company shall also comply with that provision. This section is | | specifically intended to permit the formation of a professional | | limited liability company by a person or persons who may form a | | professional corporation under the Maine Professional Service | | Corporation Act. The provisions of that Act are incorporated in | | this chapter by reference, except as follows. |
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| | | Sec. 22. 31 MRSA §746, as enacted by PL 1999, c. 638, §34, is | | amended to read: |
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| | | §746. Conversion of limited liability company |
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| | | 1. Definitions. For purposes of this section, "business | | entity" means any association or legal entity organized to | | conduct business, including a domestic or foreign corporation, | | limited liability company, limited partnership, general | | partnership, limited liability partnership, joint venture, joint | | stock company and business trust. |
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| | | 2. Authority. A business entity limited liability company | | may convert to another type of business entity by complying with | the requirements of section 747 and Title 13-A, section 912 13-C, | | chapter 9, subchapter 4. |
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| | | Sec. 23. 32 MRSA §1081, sub-§4, as amended by PL 1993, c. 600, Pt. A, | | §63, is further amended to read: |
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| | | 4. Corporations; names. A corporation may not practice, offer | | or undertake to practice or hold itself out as practicing |
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