Maine Statutes
§ 31 §1557 — Indemnification, advancement, reimbursement and insurance
A limited liability company may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person and purchase and maintain insurance on behalf of a member or other person.
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Legislative History
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
Nearby Sections
15
§ 31 §1501
Short title§ 31 §1502
Definitions§ 31 §1503
Knowledge; notice§ 31 §1505
Capacities and powers§ 31 §1506
Governing law§ 31 §1507
Rules of construction§ 31 §1508
Limited liability company name§ 31 §1509
Reservation of name§ 31 §151
Limited partnership defined§ 31 §152
Formation