United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 31, § 1421: Direct action by partner, 2005

1. Action against limited partnership or partner. Subject to subsection 2, a partner may maintain a direct action against the limited partnership or another partner for legal or equitable relief, with or without an…

accountingdirect actiondissolution and winding uplimitation periodlimited partnershippartner rights

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01

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“1. Action against limited partnership or partner. Subject to subsection 2, a partner may maintain a direct action against the limited partnership or another partner for legal or equitable relief, with or without an accounting as to the”

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    Enacted 2005 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Direct action by partner

1. Action against limited partnership or partner. Subject to subsection 2, a partner may maintain a direct action against the limited partnership or another partner for legal or equitable relief, with or without an accounting as to the

Section 1421

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Source record from legislature.maine.gov · Enacted 2005 · Source version 1 Oct 2025

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§ 1421Direct action by partnerProvision

1. Action against limited partnership or partner. Subject to subsection 2, a partner may maintain a direct action against the limited partnership or another partner for legal or equitable relief, with or without an accounting as to the

1. Action against limited partnership or partner. Subject to subsection 2, a partner may maintain a direct action against the limited partnership or another partner for legal or equitable relief, with or without an accounting as to the partnership's activities, to enforce the rights and otherwise protect the interests of the partner, including rights and interests under the partnership agreement or this chapter or arising independently of the partnership relationship. [PL 2005, c. 543, Pt. C, §2 (NEW).] 2. Plead and prove actual or threatened injury. A partner commencing a direct action under this section is required to plead and prove an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited partnership. [PL 2005, c. 543, Pt. C, §2 (NEW).] 3. Accrual of right of action; time limitation. The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law. [PL 2005, c. 543, Pt. C, §2 (NEW).]
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  • 1 Oct 2025 · currentEnglish

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