Ch. 654

1997 LAWS OF MARYLAND

9-1202. SHORT TITLE.

THIS TITLE MAY BE CITED AS THE MARYLAND REVISED UNIFORM
PARTNERSHIP ACT.

9-1203. SEVERABILITY CLAUSE

IF ANY PROVISION OF THIS TITLE OR ITS APPLICATION TO ANY PERSON OR
CIRCUMSTANCE IS HELD INVALID, THE INVALIDITY DOES NOT AFFECT OTHER
PROVISIONS OR APPLICATIONS OF THIS TITLE WHICH CAN BE GIVEN EFFECT
WITHOUT THE INVALID PROVISION OR APPLICATION, AND TO THIS END THE
PROVISIONS OF THIS TITLE ARE SEVERABLE

9-1204. APPLICABILITY.

(A)     BEFORE JANUARY 1, 2003, THIS TITLE GOVERNS ONLY A PARTNERSHIP
FORMED:

(1)      AFTER OCTOBER 1, 1997 JULY 1, 1998, UNLESS THAT PARTNERSHIP IS
CONTINUING THE BUSINESS OF A DISSOLVED PARTNERSHIP UNDER § 9-601 OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE IN EFFECT IMMEDIATELY PRIOR TO
OCTOBER 1, 1997 JULY 1, 1998; OR

(2)      BEFORE OCTOBER 1, 1997 JULY 1. 1998. THAT ELECTS, AS PROVIDED
BY SUBSECTION (C), TO BE GOVERNED BY THIS TITLE.

(B)     AFTER DECEMBER 31, 2002, THIS TITLE GOVERNS ALL PARTNERSHIPS.

(C)     BEFORE JANUARY 1, 2003, A PARTNERSHIP VOLUNTARILY MAY ELECT, IN
THE MANNER PROVIDED IN ITS PARTNERSHIP AGREEMENT OR BY LAW FOR
AMENDING THE PARTNERSHIP AGREEMENT, TO BE GOVERNED BY THIS TITLE WITH
RESPECT TO LIABILITIES OF THE PARTNERSHIP ARISING AFTER SUCH ELECTION,
THE PROVISIONS OF THIS TITLE RELATING TO THE LIABILITY OF THE
PARTNERSHIP'S PARTNERS TO THIRD PARTIES, OTHER THAN THOSE PROVISIONS
DEALING WITH REGISTERED LIMITED LIABILITY PARTNERSHIPS, APPLY TO LIMIT
THOSE PARTNERS' LIABILITY TO A THIRD PARTY WHO HAD DONE BUSINESS WITH
THE PARTNERSHIP WITHIN 1 YEAR PRIOR TO THE PARTNERSHIP'S ELECTION TO BE
GOVERNED BY THIS TITLE, ONLY IF THE THIRD PARTY KNOWS OR HAS RECEIVED A
NOTIFICATION OF THE PARTNERSHIP'S ELECTION TO BE GOVERNED BY THIS TITLE
BEFORE THE LIABILITY IS INCURRED.

9-1205. SAVINGS CLAUSE

THIS TITLE DOES NOT AFFECT AN ACTION OR PROCEEDING COMMENCED OR
RIGHT ACCRUED BEFORE THIS TITLE TAKES EFFECT.

10-101.

(a)      In this title, unless the context requires otherwise, the following words have
the meanings indicated.

(b)     "Certificate" means the certificate referred to in § 10-201 OF THIS ARTICLE,
the certificate as amended, and the certificate of cancellation.

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