Maine § 31 §1598 Power to bind limited liability company after dissolution

Maine Statutes

§ 31 §1598 — Power to bind limited liability company after dissolution

Maine § 31 §1598

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 21LIMITED LIABILITY COMPANIES

This text of Maine § 31 §1598 (Power to bind limited liability company after dissolution) 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 §1598 (2026).

Text

After dissolution, a limited liability company is bound by:

1.Act of authorized person if appropriate. The act of a person authorized to wind up the affairs if the act is appropriate for winding up the limited liability company's activities; or

2.Act of authorized person if binding before dissolution. The act of a person authorized to act on behalf of the limited liability company before dissolution if the act would have bound the limited liability company before dissolution, if the other party to the transaction did not have notice of the dissolution.

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After dissolution, a limited liability company is bound by:
1.
Act of authorized person if appropriate.
The act of a person authorized to wind up the affairs if the act is appropriate for winding up the limited liability company's activities; or
2.
Act of authorized person if binding before dissolution.
The act of a person authorized to act on behalf of the limited liability company before dissolution if the act would have bound the limited liability company before dissolution, if the other party to the transaction did not have notice of the dissolution.