Maine § 31 §1541 Power to bind limited liability company

Maine Statutes

§ 31 §1541 — Power to bind limited liability company

Maine § 31 §1541

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 21LIMITED LIABILITY COMPANIES

This text of Maine § 31 §1541 (Power to bind limited liability company) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 31, § 31 §1541 (2026).

Text

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.