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Maine · Through October 1, 2025

31 M.R.S. §1541: Power to bind limited liability company

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Where this section sits in the code
  1. TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 21: LIMITED LIABILITY COMPANIES
  3. SUBCHAPTER 4: RELATIONS OF MEMBERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY

A person may not bind a limited liability company except:

1. Under or pursuant to agreement. To the extent the person is authorized to act as the limited liability company's agent under or pursuant to the limited liability company agreement;

2. By members. To the extent the person is authorized by the members to act as the limited liability company's agent pursuant to section 1556;

3. Pursuant to statement of authority. To the extent provided in section 1542;

4. No statement of authority. If there is no statement of authority in effect, any manager, member, president or treasurer of a limited liability company has the authority to bind the limited liability company; or

5. As provided by law. To the extent otherwise provided by law.

Collected 2026-09-04T15:12:37Z. Source file · JSON

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