Maine § 31 §1556 Activities and affairs of limited liability company

Maine Statutes

§ 31 §1556 — Activities and affairs of limited liability company

Maine § 31 §1556

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 21LIMITED LIABILITY COMPANIES

This text of Maine § 31 §1556 (Activities and affairs of 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 §1556 (2026).

Text

1.Direction; oversight of members. The activities and affairs of a limited liability company are under the direction, and subject to the oversight, of its members.

2.Majority of members. A matter in the ordinary course of activities of a limited liability company may be decided by a majority of the members.

3.All members. The consent of all members of a limited liability company is required to:

4.Without meeting; agent. Any matter requiring the consent of the members of a limited liability company may be decided without a meeting, and a member may appoint a proxy or other agent to consent or otherwise act for the member by signing an appointing record, personally or by the member's agent.

5.After dissolution, majority of members. After dissolution, a matter in the ordinary course of w

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1.
Direction; oversight of members.
The activities and affairs of a limited liability company are under the direction, and subject to the oversight, of its members.
2.
Majority of members.
A matter in the ordinary course of activities of a limited liability company may be decided by a majority of the members.
3.
All members.
The consent of all members of a limited liability company is required to:
4.
Without meeting; agent.
Any matter requiring the consent of the members of a limited liability company may be decided without a meeting, and a member may appoint a proxy or other agent to consent or otherwise act for the member by signing an appointing record, personally or by the member's agent.
5.
After dissolution, majority of members.
After dissolution, a matter in the ordinary course of winding up the activities of a limited liability company may be decided by a majority of the members.
6.
No entitlement to remuneration.
This chapter does not entitle a member to remuneration for services performed for a limited liability company.