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11 chapters · 339 sections in this title.
31 M.R.S. § 1632 Derivative action
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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 limit…
31 M.R.S. § 1633 Proper plaintiff
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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. 2. Death of plaintiff. If t…
31 M.R.S. § 1634 Pleading
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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 liabil…
31 M.R.S. § 1635 Special litigation committee
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1. Stay of court proceeding upon appointment of special litigation committee. If a limited liability company is named as or made a party in a derivative proceeding, the limited liability company may appoint a special litigation committee to investigate the claims asserted in the …