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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| | Sec. 21. 31 MRSA §611, first ¶, as repealed and replaced by PL 1995, c. | 633, Pt.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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