Definitions — Maine Code § 1091.
Maine Code § 1091. — Definitions. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 1091.. Definitions
As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2005, c. 543, Pt. A, §2 (NEW).]
1. Corporation. "Corporation" means a corporation created under the Maine Business Corporation Act, predecessor law or comparable law of another jurisdiction.
2. General partner. "General partner" means a partner in a partnership, a general partner in a limited partnership, a general partner in a limited liability partnership and a general partner in a limited liability limited partnership.
3. Limited liability company. "Limited liability company" means a limited liability company created under the Maine Limited Liability Company Act, predecessor law or comparable law of another jurisdiction.
4. Limited liability limited partnership. "Limited liability limited partnership" means a limited partnership whose certificate of limited partnership states that the limited partnership is a limited liability limited partnership.
5. Limited partner. "Limited partner" means a limited partner in a limited partnership and a limited partner in a limited liability partnership.
6. Limited partnership. "Limited partnership" means a limited partnership created under the Uniform Limited Partnership Act, predecessor law or comparable law of another jurisdiction.
7. Member. "Member" means a person reflected in the required records of a limited liability company as the owner of some governance rights of a membership interest in the limited liability company.
8. Partner. "Partner" includes both a general partner and a limited partner.
9. Partnership. "Partnership" means a partnership formed under section 1022 or any predecessor law.
10. Shareholder. "Shareholder" means the person in whose name the units into which proprietary interests in a corporation are divided are registered in the records of the corporation or the beneficiary owner of such units to the extent of the rights granted by a nominee certificate on file with a corporation.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 1091.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Definitions
- Text: transcribed from the official source (verify below)
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It addresses "Definitions". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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