Maine Revised Statutes Title 31 Sec. 1505 – Capacities and powers
Current as of: 2023 | Check for updates
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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).