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2025 Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 21: LIMITED LIABILITY COMPANIES
Subchapter 1: GENERAL PROVISIONS
31 §1505. Capacities and powers
Universal Citation:
31 ME Rev Stat § 1505 (2025)
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§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.
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 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.
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 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.
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
SECTION HISTORY
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
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