31 M.R.S. §1598: Power to bind limited liability company after dissolution
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 21: LIMITED LIABILITY COMPANIES
- SUBCHAPTER 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL
After dissolution, a limited liability company is bound by:
1. Act of authorized person if appropriate. The act of a person authorized to wind up the affairs if the act is appropriate for winding up the limited liability company's activities; or
2. Act of authorized person if binding before dissolution. The act of a person authorized to act on behalf of the limited liability company before dissolution if the act would have bound the limited liability company before dissolution, if the other party to the transaction did not have notice of the dissolution.
Collected 2026-09-04T15:12:37Z. Source file · JSON