Me. Rev. Stat. » Title 31
Maine Revised Statutes

Me. Rev. Stat. tit. 31, § 1505 (2026)

Capacities and powers

✓ current as of May 2026
Find cases: SyfertCases citing this section ME-LEGlegislature.maine.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar
1.  To sue, be sued.  A limited liability company has the capacity to sue and be sued in its own name.  
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
2.  To hold property.  A limited liability company has the capacity to hold property in its own name.  
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
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).]
SECTION HISTORY
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2021–2021 · leading case: Sea Salt LLC v. Td Bank Na (D. Me. 2021).
Sort: Relevance Newest Treatment
Sea Salt LLC v. Td Bank Na (D. Me. 2021). “” 31 M.R.S. § 1505(1), (2). Maine law expressly provides that a member of a limited liability company is “not liable, solely by reason of being a member, under a[n] .”
— Me. Rev. Stat. tit. 31, § 1505(1) — 1 case
Sea Salt LLC v. Td Bank Na (D. Me. 2021). “” 31 M.R.S. § 1505(1), (2). Maine law expressly provides that a member of a limited liability company is “not liable, solely by reason of being a member, under a[n] .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.