Me. Stat. tit. 31 § 1504 : PARTNERSHIPS AND ASSOCIATIONS — LIMITED LIABILITY COMPANIES — GENERAL PROVISIONS — Nature, purpose and duration of limited liability company

1. Distinct entity. A limited liability company is an entity distinct from its members.

[ 2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF).]

2. Any lawful purpose. A limited liability company may have any lawful purpose, regardless of whether for profit.

[ 2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF).]

3. Duration. A limited liability company has perpetual duration.

[ 2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF).]

31 M.R.S. § 1504

2009, c. 629, Pt. A, §2 (NEW) . 2009, c. 629, Pt. A, §3 (AFF) .