{"data":{"id":"us-me/31-m.r.s.-1557","jurisdiction":"us-me","citation":"31 M.R.S. §1557","heading":"Indemnification, advancement, reimbursement and insurance","body":"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.","path":["TITLE 31: PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 21: LIMITED LIABILITY COMPANIES","SUBCHAPTER 5: RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY"],"source_url":"https://legislature.maine.gov/statutes/31/title31sec1557.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"a5a3b3d5519516bca694a90c6cda085dbaffa5bbb91323463d51fded7b9cf94d","source_id":"us-me","stale":false,"prev":"us-me/31-m.r.s.-1556","next":"us-me/31-m.r.s.-1558"},"notice":"GroundRules: Original legal text. Not legal advice."}