Charging Order Protection
Under the Limited Liability Company Act, a court may charge the debtor-member’s membership interest with payment of any unsatisfied amount. Judgment creditor has only the rights of an assignee of the member’s membership interest. To see this section of the statute, click here. Under the Uniform Partnership Act, a court may charge the debtor-partner’s partnership interest with payment of any unsatisfied amounts. The judgment creditor has only the rights of an assignee of the partner’s partnership interest. To see this section of the statute, click here.
Maine Business Acts
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