reglab/housing_qa huggingface dataset:
31 ME Rev Stat § 1596 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1596. Effect of dissolution

 §1596. Effect of dissolution 1.  Existence; activities.  Until the filing of a certificate of cancellation as provided in section 1533, a dissolved limited liability company continues its existence as a limited liability company but may not carry on any activities except as is appropriate to wind up and liquidate its activities and affairs, including:   A. Collecting the dissolved limited liability company's assets;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. Disposing of the dissolved limited liability company's properties that will not be distributed in kind to persons owning transferable interests;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]C. Discharging or making provisions for discharging the dissolved limited liability company's liabilities;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]D. Distributing the dissolved limited liability company's remaining property in accordance with section 1601; and   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]E. Doing every other act necessary to wind up and liquidate the dissolved limited liability company's business and affairs.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  No change upon dissolution.  The dissolution of a limited liability company does not:   A. Transfer title to the limited liability company's property;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. Prevent the commencement of a proceeding by or against the limited liability company in its limited liability company name;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]C. Abate or suspend a proceeding pending by or against the limited liability company on the effective date of dissolution; or   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]D. Terminate the authority of the limited liability company's registered agent.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1597 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1597. Right to wind up business and activities

 §1597. Right to wind up business and activities 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.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  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:   A. On application of a member, if the applicant establishes good cause;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. On the application of a transferee, if:   (1) The limited liability company does not have any members; and   (2) Within a reasonable time following the dissolution, a person has not been appointed pursuant to subsection 1; or   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]C. In connection with a proceeding under section 1595, subsection 1, paragraph E or F.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1598 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1598. Power to bind limited liability company after dissolution

 §1598. Power to bind limited liability company after dissolution After dissolution, a limited liability company is bound by:   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]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   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 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.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1599 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1599. Known claims against dissolved limited liability company

 §1599. Known claims against dissolved limited liability company 1.  Disposal of claims.  A dissolved limited liability company may dispose of any known claims against it by following the procedures described in subsection 2 at any time after the effective date of the dissolution of the limited liability company.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Notice.  A dissolved limited liability company may give written notice of the dissolution in a record to the holder of any known claim. The notice must:   A. Describe the information required to be included in a claim;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. Provide a mailing address to which the claim is to be sent;   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]C. State the deadline, which may not be fewer than 120 days from the effective date of the notice, by which the dissolved limited liability company must receive the claim; and   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]D. State that, if not sooner barred, the claim will be barred pursuant to subsection 3 if not received by the deadline.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 3.  Claims barred.  Unless sooner barred by any other statute limiting actions, a claim against a dissolved limited liability company is barred:   A. If a claimant who was given notice under subsection 2 does not deliver the claim to the dissolved limited liability company by the deadline; or   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. If a claimant whose claim was rejected by the dissolved limited liability company does not commence a proceeding to enforce the claim within 90 days from the effective date of the rejection notice.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 4.  Claims.  For purposes of this section, "known claim" or "claim" includes unliquidated claims but not does include a contingent liability that has not matured so that there is no immediate right to bring suit or a claim based on an event occurring after the effective date of dissolution.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 5.  No extension of statute of limitations.  Nothing in this section may be deemed to extend any otherwise applicable statute of limitations.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1601 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1601. Application of assets in winding up limited liability company's activities

 §1601. Application of assets in winding up limited liability company's activities Upon the winding up of a limited liability company, the assets must be applied as follows.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]1.  Payment to creditors.  Payment, or adequate provision for payment, must be made to creditors, including, to the extent permitted by law, members who are creditors, in satisfaction of liabilities of the limited liability company.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Surplus.  After a limited liability company complies with subsection 1, any surplus must be distributed:   A. To each person owning a transferable interest that reflects contributions made on account of such transferable interest and not previously returned, in an amount equal to the value of the unreturned contributions; and   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. After the distribution under paragraph A, to each person owning a transferable interest in the proportions in which the owners of transferable interests share in distributions prior to dissolution.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 3.  Distribution in proportion to value.  If the limited liability company does not have sufficient surplus to comply with subsection 2, paragraph A, any surplus must be distributed among the owners of transferable interests in proportion to the value of their respective unreturned contributions.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1602 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1602. Revocation of dissolution

 §1602. Revocation of dissolution 1.  Continued; conditions.  Notwithstanding the occurrence of an event set forth in section 1595, subsection 1, paragraph A, B or C, a limited liability company may not be dissolved and its affairs may not be wound up if, prior to the filing of a certificate of cancellation in the office of the Secretary of State, the limited liability company is continued, effective as of the occurrence of such event, pursuant to the following conditions:   A. The affirmative vote or consent has been obtained from the members or other persons entitled to vote or consent at the time that is:   (1) Required to prevent or revoke dissolution under its limited liability company agreement; or   (2) If its limited liability company agreement does not state the vote or consent required to prevent or revoke dissolution, sufficient for dissolution under this chapter, or such greater or lesser vote or consent as is required for dissolution under its limited liability company agreement; and   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. The members and other persons having authority under this chapter and under its limited liability company agreement to bring about or prevent dissolution of the limited liability company have not, before or at the time of the vote or consent required by paragraph A, voted against revocation of dissolution or delivered to the limited liability company their written objection to revocation of dissolution.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Agreement; vote; consent; objection.  To the extent that a limited liability company's limited liability company agreement provides for the voting rights of members or other persons, for the calling of meetings, for notices of meetings, for consents and actions of members and other persons without a meeting, for establishing a record date for meetings or for other matters concerning the voting or consent of members and other persons, such provisions govern the vote or consent required by subsection 1, paragraph A with respect to the limited liability company and the vote or objection of members and other persons under subsection 1, paragraph B with respect to the limited liability company.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1603 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL|31 §1603. Effect of revocation of dissolution

 §1603. Effect of revocation of dissolution 1.  Continuation of activities.  Subject to subsection 2, upon the revocation of dissolution, the limited liability company is deemed for all purposes to have continued its activities as if dissolution had never occurred. Each right inuring to, and each debt, obligation and liability incurred by, the limited liability company after the dissolution must be determined as if the dissolution had never occurred.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Reliance on dissolution.  The rights of members and other persons arising by reason of reliance on the dissolution before those persons had notice of the revocation of dissolution are not adversely affected by the revocation of dissolution.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1621 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 10: FOREIGN LIMITED LIABILITY COMPANIES|31 §1621. Governing law

 §1621. Governing law 1.  Jurisdiction where formed.  The laws of the State or other jurisdiction under which a foreign limited liability company is formed govern its formation and internal affairs and the liability and authority of its members and agents.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Statement of foreign qualification.  A foreign limited liability company's statement of foreign qualification may not be denied by reason of any difference between the laws of the jurisdiction under which the foreign limited liability company is formed and the laws of this State.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 3.  Forbidden activities.  A foreign limited liability company, including a foreign limited liability company that has filed a statement of foreign qualification, may not engage in any activities in this State that a limited liability company is forbidden to engage in by the laws of this State.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 4.  Rights; privileges; duties; restrictions; penalties; liabilities.  A foreign limited liability company that has filed a statement of foreign qualification:   A. Has in this State the same but no greater rights of a limited liability company of like character;   [PL 2011, c. 113, Pt. A, §16 (NEW).]B. Has in this State the same but no greater privileges as a limited liability company of like character; and   [PL 2011, c. 113, Pt. A, §16 (NEW).]C. Except as otherwise provided by this chapter, is in this State subject to the same duties, restrictions, penalties and liabilities now or later imposed on a limited liability company of like character.   [PL 2011, c. 113, Pt. A, §16 (NEW).][PL 2011, c. 113, Pt. A, §16 (RPR).] 5.  Organization; formation; existence; internal affairs.  Nothing in this subchapter authorizes this State to regulate the organization, formation, existence or internal affairs of a foreign limited liability company authorized to conduct activities in this State.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2011, c. 113, Pt. A, §16 (AMD).
31 ME Rev Stat § 1624 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 10: FOREIGN LIMITED LIABILITY COMPANIES|31 §1624. Noncomplying name of foreign limited liability company

 §1624. Noncomplying name of foreign limited liability company 1.  Fictitious name.  A foreign limited liability company whose name does not comply with section 1508 may not file a statement of foreign qualification until it adopts, for the purpose of conducting activities in this State, a fictitious name that complies with section 1508.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Name change.  If a foreign limited liability company to which a statement of foreign qualification has been filed changes its name to one that does not comply with section 1508, it may not thereafter conduct activities in this State until it complies with subsection 1 by filing an amended statement of foreign qualification.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1627 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 10: FOREIGN LIMITED LIABILITY COMPANIES|31 §1627. Appeal from revocation

 §1627. Appeal from revocation 1.  Petition to appeal revocation.  A foreign limited liability company may appeal the Secretary of State's revocation of its statement of foreign qualification to the Kennebec County Superior Court within 30 days after the notice of revocation. The foreign limited liability company may appeal by petitioning the court to set aside the revocation and attaching to the petition copies of its statement of foreign qualification and the Secretary of State's notice of revocation.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Court order.  The court may summarily order the Secretary of State to reinstate the statement of foreign qualification or may take any other action the court considers appropriate.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 3.  Appeal of court's decision.  The court's final decision may be appealed as in other civil proceedings.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1631 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 11: ACTIONS BY MEMBERS|31 §1631. Direct action by member

 §1631. Direct action by member 1.  Direct action against member.  Subject to subsection 2, a member may maintain a direct action against another member, a manager or the limited liability company to enforce the member's rights and otherwise protect the member's interests, including rights and interests under the limited liability company agreement or this chapter or arising independently of the membership relationship.   [PL 2011, c. 113, Pt. A, §19 (AMD).] 2.  Actual or threatened injury.  A member maintaining a direct action under this section must plead and prove an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2011, c. 113, Pt. A, §19 (AMD).
31 ME Rev Stat § 1632 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 11: ACTIONS BY MEMBERS|31 §1632. Derivative action

 §1632. Derivative action A member may maintain a derivative action to enforce a right of a limited liability company if:   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]1.  Demand.  The member first makes a demand on the limited liability company to take suitable action, and the limited liability company does not take suitable action within a reasonable time; or   [PL 2011, c. 113, Pt. A, §20 (AMD).] 2.  Futility of demand.  A demand under subsection 1 would be futile.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2011, c. 113, Pt. A, §20 (AMD).
31 ME Rev Stat § 1633 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 11: ACTIONS BY MEMBERS|31 §1633. Proper plaintiff

 §1633. Proper plaintiff 1.  Plaintiff must be a member.  Except as otherwise provided in subsection 2, a derivative action under section 1632 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Death of plaintiff.  If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1634 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 11: ACTIONS BY MEMBERS|31 §1634. Pleading

 §1634. Pleading In a derivative action under section 1632 the complaint must state with particularity:   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]1.  Demand and response.  The date and content of the plaintiff's demand and the response to the demand by the limited liability company; or   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Futility of demand.  If a demand has not been made, the reasons a demand under section 1632, subsection 1 would be futile.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
31 ME Rev Stat § 1636 (2021)
2021 Maine Revised Statutes|TITLE 31: PARTNERSHIPS AND ASSOCIATIONS|Chapter 21: LIMITED LIABILITY COMPANIES|Subchapter 11: ACTIONS BY MEMBERS|31 §1636. Proceeds and expenses

 §1636. Proceeds and expenses 1.  Proceeds.  Except as otherwise provided in subsection 2:   A. Any proceeds or other benefits of a derivative action under section 1632, whether by judgment, compromise or settlement, belong to the limited liability company and not to the plaintiff; and   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]B. If the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the limited liability company.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).][PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] 2.  Expenses.  If a derivative action under section 1632 is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees and costs, from the recovery of the limited liability company.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).] SECTION HISTORY PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).