Forming an L3C in Maine [1]

On December 22, 2009, Maine Representative Charles Priest introduced House Paper No. 1118, proposing that L3Cs be authorized in Maine. The bill was enacted by the Maine legislature on April 6, 2010, and signed into law by Governor John Baldacci on April 9, 2010. Effective as of July 1, 2011, the Maine Limited Liability Company Act will authorize the formation of L3Cs.