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.
Me. Rev. Stat. tit. 31, § 1557
Indemnification, advancement, reimbursement and insurance
PL 2009, c. 629, Pt
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.