{"data":{"id":"us-me/31-m.r.s.-1505","jurisdiction":"us-me","citation":"31 M.R.S. §1505","heading":"Capacities and powers","body":"1.  To sue, be sued.  A limited liability company has the capacity to sue and be sued in its own name.\n2.  To hold property.  A limited liability company has the capacity to hold property in its own name.\n3.  Power to carry out activities.  A limited liability company has the power to do all things necessary or convenient to carry on its activities.","path":["TITLE 31: PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 21: LIMITED LIABILITY COMPANIES","SUBCHAPTER 1: GENERAL PROVISIONS"],"source_url":"https://legislature.maine.gov/statutes/31/title31sec1505.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"99e52f4a3c96a75e3c890ec08df95615913435f8c760fe2f1e19d8701af3bdbd","source_id":"us-me","stale":false,"prev":"us-me/31-m.r.s.-1504","next":"us-me/31-m.r.s.-1506"},"notice":"GroundRules: Original legal text. Not legal advice."}