Maine Statutes
§ 31 §1597 — Right to wind up business and activities
1.Wind up activities.
After dissolution, the remaining members, if any, and if none, a person appointed by all holders of the transferable interest last transferred by the last person to have been a member, may wind up the limited liability company's activities.
2.Judicial supervision.
The Superior Court may order judicial supervision of the winding up of a dissolved limited liability company, including the appointment of a person to wind up the limited liability company's activities:
Free access — add to your briefcase to read the full text and ask questions with AI
Maine § 31 §1597 (Right to wind up business and activities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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