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Current as of January 01, 2022 | Updated by FindLaw Staff
A person may not bind a limited liability company except:
1. Under or pursuant to agreement. To the extent the person is authorized to act as the limited liability company's agent under or pursuant to the limited liability company agreement;
2. By members. To the extent the person is authorized by the members to act as the limited liability company's agent pursuant to section 1556;
3. Pursuant to statement of authority. To the extent provided in section 1542;
4. No statement of authority. If there is no statement of authority in effect, any manager, member, president or treasurer of a limited liability company has the authority to bind the limited liability company; or
5. As provided by law. To the extent otherwise provided by law.
Cite this article: FindLaw.com - Maine Revised Statutes Title 31. Partnerships and Associations § 1541. Power to bind limited liability company - last updated January 01, 2022 | https://codes.findlaw.com/me/title-31-partnerships-and-associations/me-rev-st-tit-31-sect-1541/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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