Maine § 31 §1631 Direct action by member

Maine Statutes

§ 31 §1631 — Direct action by member

Maine·Title 31 PARTNERSHIPS AND ASSOCIATIONS·Ch. 21 LIMITED LIABILITY COMPANIES

1.Direct action against member. Subject to subsection 2, a member may maintain a direct action against another member, a manager or the limited liability company to enforce the member's rights and otherwise protect the member's interests, including rights and interests under the limited liability company agreement or this chapter or arising independently of the membership relationship.

2.Actual or threatened injury. A member maintaining a direct action under this section must plead and prove an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Direct action against member.
Subject to subsection 2, a member may maintain a direct action against another member, a manager or the limited liability company to enforce the member's rights and otherwise protect the member's interests, including rights and interests under the limited liability company agreement or this chapter or arising independently of the membership relationship.
2.
Actual or threatened injury.
A member maintaining a direct action under this section must plead and prove an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company.

Maine § 31 §1631 (Direct action by member) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.