For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Indemnification, advancement, reimbursement and insurance

31 M.R.S. §1557
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
1557. Indemnification, advancement, reimbursement and insurance A limited liability company may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person and purchase and maintain insurance on behalf of a member or other person. 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/title31sec1557.htmlFetched: 10/20/2026

Starting a business in Maine? Maine LLC guide: costs and requirements