Maine § 1581. - Member's power to dissociate; wrongful dissociation
Full text of Maine Maine Revised Statutes § 1581. — Member's power to dissociate; wrongful dissociation, with citation guidance and answers to common questions.
§ 1581.. Member's power to dissociate; wrongful dissociation
1. Power to dissociate. A person has the power to dissociate as a member.
2. Wrongful dissociation. A person's dissociation from a limited liability company is wrongful only if:
A. It is in breach of an express provision of the limited liability company agreement; or [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
B. It occurs before the termination of the limited liability company and:
(2) The person is expelled as a member by judicial determination under section 1582, subsection 5;
(3) The person is dissociated by becoming a debtor in bankruptcy or making a general assignment for the benefit of creditors; or
(4) In the case of a person that is not an individual, a trust other than a business trust or an estate, the person is expelled or otherwise dissociated as a member because the person willfully dissolved or terminated. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
3. Liability. A person that wrongfully dissociates as a member is liable to the limited liability company and, subject to section 1631, to the other members for damages caused by the dissociation. The liability is in addition to any other debt, obligation or liability of the member to the limited liability company or the other members.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 1581.
What does Maine Revised Statutes § 1581. cover?
Section 1581. ("Member's power to dissociate; wrongful dissociation") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 1581.?
A common citation format is "Maine Revised Statutes § 1581." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1581. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.