Maine § 31 §1581 Member's power to dissociate; wrongful dissociation

Maine Statutes

§ 31 §1581 — Member's power to dissociate; wrongful dissociation

Maine § 31 §1581

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 21LIMITED LIABILITY COMPANIES

This text of Maine § 31 §1581 (Member's power to dissociate; wrongful dissociation) 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 §1581 (2026).

Text

1.Power to dissociate. A person has the power to dissociate as a member.

2.Wrongful dissociation. A person's dissociation from a limited liability company is wrongful only if:

3.Liability. A person that wrongfully dissociates as a member is liable to the limited liability company and, subject to section 1631, to the other members for damages caused by the dissociation. The liability is in addition to any other debt, obligation or liability of the member to the limited liability company or the other members.

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1.
Power to dissociate.
A person has the power to dissociate as a member.
2.
Wrongful dissociation.
A person's dissociation from a limited liability company is wrongful only if:
3.
Liability.
A person that wrongfully dissociates as a member is liable to the limited liability company and, subject to section 1631, to the other members for damages caused by the dissociation. The liability is in addition to any other debt, obligation or liability of the member to the limited liability company or the other members.