Maine § 31 §1541 Power to bind limited liability company

Maine Statutes

§ 31 §1541 — Power to bind limited liability company

Maine·Title 31 PARTNERSHIPS AND ASSOCIATIONS·Ch. 21 LIMITED LIABILITY COMPANIES

A person may not bind a limited liability company except:

1.Under or pursuant to agreement. To the extent the person is authorized to act as the limited liability company's agent under or pursuant to the limited liability company agreement;

2.By members. To the extent the person is authorized by the members to act as the limited liability company's agent pursuant to section 1556;

3.Pursuant to statement of authority. To the extent provided in section 1542;

4.No statement of authority. If there is no statement of authority in effect, any manager, member, president or treasurer of a limited liability company has the authority to bind the limited liability company; or

5.As provided by law. To the extent otherwise provided by law.

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A person may not bind a limited liability company except:
1.
Under or pursuant to agreement.
To the extent the person is authorized to act as the limited liability company's agent under or pursuant to the limited liability company agreement;
2.
By members.
To the extent the person is authorized by the members to act as the limited liability company's agent pursuant to section 1556;
3.
Pursuant to statement of authority.
To the extent provided in section 1542;
4.
No statement of authority.
If there is no statement of authority in effect, any manager, member, president or treasurer of a limited liability company has the authority to bind the limited liability company; or
5.
As provided by law.
To the extent otherwise provided by law.

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