{"data":{"id":"us-me/31-m.r.s.-1597","jurisdiction":"us-me","citation":"31 M.R.S. §1597","heading":"Right to wind up business and activities","body":"1.  Wind up activities.  After dissolution, the remaining members, if any, and if none, a person appointed by all holders of the transferable interest last transferred by the last person to have been a member, may wind up the limited liability company's activities.\n2.  Judicial supervision.  The Superior Court may order judicial supervision of the winding up of a dissolved limited liability company, including the appointment of a person to wind up the limited liability company's activities:\nA.  On application of a member, if the applicant establishes good cause;\nB.  On the application of a transferee, if:\n(1)  The limited liability company does not have any members; and\n(2)  Within a reasonable time following the dissolution, a person has not been appointed pursuant to subsection 1; or\nC.  In connection with a proceeding under section 1595, subsection 1, paragraph E or F.","path":["TITLE 31: PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 21: LIMITED LIABILITY COMPANIES","SUBCHAPTER 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL"],"source_url":"https://legislature.maine.gov/statutes/31/title31sec1597.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"de9429672992420e0a52bf8bbbb3648c87097ae1bfcd1dbd44d050bf15215a9a","source_id":"us-me","stale":false,"prev":"us-me/31-m.r.s.-1596","next":"us-me/31-m.r.s.-1598"},"notice":"GroundRules: Original legal text. Not legal advice."}