Maine Statutes
§ 31 §1637 — Closely held limited liability company
Maine § 31 §1637
This text of Maine § 31 §1637 (Closely held limited liability company) 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 §1637 (2026).
Text
1.Definition.
As used in this section, "closely held limited liability company" means a limited liability company that has:
2.Limitation on derivative actions.
Except to the extent ordered by the court in an action under subsection 3, paragraph A, sections 1632 to 1636 do not apply to a closely held limited liability company.
3.Exception to limitation on derivative actions.
If justice requires:
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Legislative History
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2011, c. 113, Pt. A, §21 (AMD).
Nearby Sections
15
§ 31 §160
Rights of a limited partner§ 31 §160-A
Limited partnership as entity§ 31 §1602
Revocation of dissolution§ 31 §1603
Effect of revocation of dissolution§ 31 §1611
Low-profit limited liability company§ 31 §1621
Governing lawCite This Page — Counsel Stack
Bluebook (online)
Maine § 31 §1637, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/31%20%C2%A71637.