There Is a Newer Version
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the Maine Revised Statutes
2012 Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 21: LIMITED LIABILITY COMPANIES
31 §1505. Capacities and powers
Universal Citation:
31 ME Rev Stat § 1505 (2012 through 125th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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Subchapter 1: GENERAL PROVISIONS
§1505. Capacities and powers
1. To sue, be sued. A limited liability company has the capacity to sue and be sued in its own name.
[ 2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF) .]
2. To hold property. A limited liability company has the capacity to hold property in its own name.
[ 2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF) .]
3. Power to carry out activities. A limited liability company has the power to do all things necessary or convenient to carry on its activities.
[ 2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF) .]
SECTION HISTORY
2009, c. 629, Pt. A, §2 (NEW). 2009, c. 629, Pt. A, §3 (AFF).
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