Under RUPA, a partnership is bound by a partner's act after dissolution if the act either is appropriate for winding up the partnership or would have bound the partnership before dissolution if the other party had no notice of the dissolution. The current Maine provisions are similar. The proposed Maine provision removes some complex and cumbersome provisions dealing with former creditors and other parties who knew the partnership before dissolution.

RUPA enumerates the rules for the filing of a statement of the partnership's dissociation and the effects of the filing with respect to 3rd parties dealing with the partnership. RUPA provides that the statement is effective 90 days after filing, but this Maine enactment provides that the statement is effective 30 days after filing. There is no similar provision under current Maine law.

The proposed Maine law is similar to current Maine law concerning a partner's liability to other partners after dissolution. RUPA provides that a partner is liable to the other partners for the partner's share of any partnership liability incurred to wind up the partnership. In addition, a partner who incurs a partnership liability for an act inappropriate for winding up the partnership is liable to the partnership for any damage arising from the liability. Unlike current law, RUPA draws no distinction as to the cause of dissolution.

RUPA addresses the settlement of accounts and contributions among partners. First, the partnership assets are used to pay partnership creditors. Second, after the payment of creditors, any surplus is paid in cash to the partners to settle the partners' accounts. If a partner has a negative account, which occurs when the partner's obligations to the partnership are in excess of the amount owed from the partnership, then the partner must contribute the negative amount to the partnership. RUPA contains special provisions for coverage of obligations of an insolvent partner by solvent partners, the rights of the estate of a deceased partner and the rights of a creditor of a partner. Under current Maine law, similar rules apply to the settlement of partnership assets upon dissolution. Current Maine law distinguishes between obligations to creditors and obligations to partners. The proposed Maine laws do not make this distinction and treat all creditors of the partnership equally. Moreover,