Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-06-11
FACTS ABOUT PART
NERs MUST Be RE-
CORDED after JULY )
Full Publicity Regarding Part
nerships Is Demanded by the
Provisions of Law Passed by
18th Legislature

law which was passed by the nth Legis-
lature publicity of partnerships will be-
come a reality in Augusta as well as in
the rest of the State of Maine after July
Of the current year. This law provides
that when two or more persons associate
themselves in partnership for the con-
duct of any mercantile business they
must file with the city clerk certificate
giving all the facts in regard to the mat
ter. After the certificates are received the
facts are to be recorded in a book kept
for the purpose.
In the past, especially in cases at law.
there has been a good deal OF diff
Guilty in locating some Of the partners
in a business. This new statute. If it Is
lived up to, will obviate that. There will
be no possibility of lodging the facts
and If a partnership fails to record the
items required by law, then big pen
atty Is provided.
The law as it was passed and approved
reads as follows:
Section /. Whenever two or more per-
sons become associated as partners or
otherwise for the purpose of engaging
in any mercantile enterprise, they snall,
before commencing business, deposit IN
the office of the clerk of the city or town
I'm which the same is to be carried on,
certificate signed and sworn to by them,
setting forth their names and places OF
residence, the nature of the business in
which they intend to engage, and giving
the name under which they are to tran
sact business. And all persons so asso-
cfHted and engaged in business as afore-
said at the time when l4.Is act takes eff
feet shall, within thirty days thereafter,
deposit in the office of the clerk Of the
city or town where such business is be-
ing carried on a certificate signed and
sworn to by them setting out the facts
before mentioned. Whenever any men,
Der of such partnership or association
withdraws therefrom. he may certify
under oath to the fact of such with
drawal which certificate shall be deposit
ed in the clerks office where the part
nership certificate is recorded; and ne
shall conclusively be presumed to be
member of the firm or association to the
time of his depositing such certificate.
Section g Whenever any person in
tends to engage in such business as sole
proprietor thereof, and to adopt any
business name, style or designation other
than his own name exclusively. he shall.
before commencing business, deposit in
the office Of the clerk of the city or town
in which such business is to be carried
on. a certificate signed and sworn to by
him setting forth his name and place of
residence; the name, style or designation
to %n 10
Quoted, and stating that he is the sole
proprietor. And every person who
may be such sole proprietor at the
time this act takes effect. shall,
within thirty days thereafter, de-
post in the office of the clerk of the
city or town where such business is be-
ing carried on, certificate signed and
sworn to by him, setting out the facts
before mentioned.
Section g. The clerks of the several
cities and towns shall record. in suitable
books, kept exclusively for the purpose,
the certificates deposited under the pro-
vicions Of this act, and such books shall
be kept open to public inspection. The
clerk shall be entitled to a fee of twenty
five cents for recording each of such GER
tificates.
Section 4. Any person falling to de-
post seasonably the certificate required
by this act, shall be punished by fine of
five dollars for each day he is in de-
fault.
Section 5. No person signing and MAX
ing oath to any certificate deposited as
provided by this act shall be permitted.
II, any iudicial proceeding to contradict
the statements contained in such certi-
ficate. Whoever swears or aftirms to
any such certificate which is not true in
fact shall be deemed guilty Of perjury
approved April /, 1851