Maine Code § 31-1557

Indemnification, advancement, reimbursement and insurance
Open in Lexace · Ask the AI about this section
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. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c.
629, Pt. A, §3 (AFF).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.