§1603. Effect of revocation of dissolution
1. Continuation of activities. Subject to subsection 2, upon the revocation of dissolution, the limited liability company is deemed for all purposes to have continued its activities as if dissolution had never occurred. Each right inuring to, and each debt, obligation and liability incurred by, the limited liability company after the dissolution must be determined as if the dissolution had never occurred.
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
2. Reliance on dissolution. The rights of members and other persons arising by reason of reliance on the dissolution before those persons had notice of the revocation of dissolution are not adversely affected by the revocation of dissolution.
[PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
SECTION HISTORY
PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).
Structure Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 21: LIMITED LIABILITY COMPANIES
Subchapter 8: DISSOLUTION, WINDING UP, REINSTATEMENT AND REVIVAL
31 §1591. Grounds for administrative dissolution of limited liability company
31 §1592. Procedure for and effect of administrative dissolution of limited liability company
31 §1593. Reinstatement following administrative dissolution of limited liability company
31 §1594. Appeal from denial of reinstatement of limited liability company
31 §1595. Events causing dissolution
31 §1596. Effect of dissolution
31 §1597. Right to wind up business and activities
31 §1598. Power to bind limited liability company after dissolution
31 §1599. Known claims against dissolved limited liability company
31 §1600. Other claims against dissolved limited liability company
31 §1601. Application of assets in winding up limited liability company's activities
31 §1602. Revocation of dissolution
31 §1603. Effect of revocation of dissolution
31 §1604. Revival of limited liability company after dissolution