-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Wb1Ptr/mtBoj6Kskb9LPLm5mKwcH/gdeF3MZiApNQfoZJkP7NWtDFeN49t89Rxau
 w0k5aVIW8MqWTx1mhFUhag==

<SEC-DOCUMENT>0000897069-10-000279.txt : 20100304
<SEC-HEADER>0000897069-10-000279.hdr.sgml : 20100304
<ACCEPTANCE-DATETIME>20100304140913
ACCESSION NUMBER:		0000897069-10-000279
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100304
DATE AS OF CHANGE:		20100304
EFFECTIVENESS DATE:		20100304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEG-Cellectar II, LLC
		CENTRAL INDEX KEY:			0001486264
		IRS NUMBER:				271712417
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-139267
		FILM NUMBER:		10656692

	BUSINESS ADDRESS:	
		STREET 1:		C/O MORTENSON EQUITY MANAGEMENT, LLC
		STREET 2:		3001 WEST BELTLINE HIGHWAY, SUITE 202
		CITY:			MADISON
		STATE:			WI
		ZIP:			53713
		BUSINESS PHONE:		(608) 509-1000

	MAIL ADDRESS:	
		STREET 1:		C/O MORTENSON EQUITY MANAGEMENT, LLC
		STREET 2:		3001 WEST BELTLINE HIGHWAY, SUITE 202
		CITY:			MADISON
		STATE:			WI
		ZIP:			53713
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001486264</cik>
        <entityName>MEG-Cellectar II, LLC</entityName>
        <issuerAddress>
            <street1>C/O MORTENSON EQUITY MANAGEMENT, LLC</street1>
            <street2>3001 WEST BELTLINE HIGHWAY, SUITE 202</street2>
            <city>MADISON</city>
            <stateOrCountry>WI</stateOrCountry>
            <zipCode>53713</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(608) 509-1000</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Manager</firstName>
                <lastName>Mortenson Equity Management, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3001 West Beltline Highway</street1>
                <street2>Suite 202</street2>
                <city>Madison</city>
                <stateOrCountry>WI</stateOrCountry>
                <zipCode>53713</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bradley</firstName>
                <lastName>Hutter</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3001 West Beltline Highway</street1>
                <street2>Suite 202</street2>
                <city>Madison</city>
                <stateOrCountry>WI</stateOrCountry>
                <zipCode>53713</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of Mortenson Equity Management, LLC, the Manager of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-25</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>1279500</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>15</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MEG-Cellectar II, LLC</issuerName>
                <signatureName>Bradley Hutter</signatureName>
                <nameOfSigner>Bradley Hutter</nameOfSigner>
                <signatureTitle>Manager of Mortenson Equity Management, LLC, the Manager</signatureTitle>
                <signatureDate>2010-02-28</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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