Capacities and powers
31 M.R.S. §1505
in effect1505. Capacities and powers
1. To sue, be sued. A limited liability company has the capacity to sue and be sued in its own name.
2. To hold property. A limited liability company has the capacity to hold property in its own name.
3. Power to carry out activities. A limited liability company has the power to do all things necessary or convenient to carry on its activities.
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
Source: Maine Legislature, Office of the Revisor of Statutes (legislature.maine.gov)URL: https://legislature.maine.gov/statutes/31/title31sec1505.htmlFetched: 10/20/2026