Maine Revised Statutes
TITLE 13-C: MAINE BUSINESS CORPORATION ACT

13-C §130. Certificate of existence; certificate of authority; certificate of fact - §130. Certificate of existence; certificate of authority; certificate of fact...

13-C §131. Penalty for signing false document - §131. Penalty for signing false document A person commits a...

13-C §132. Unsworn falsification - §132. Unsworn falsification The execution of a certificate or articles...

Subchapter 3: SECRETARY OF STATE

13-C §141. Powers - §141. Powers The Secretary of State has the power reasonably...

13-C §142. Access to Secretary of State's database - §142. Access to Secretary of State's database The Secretary of...

13-C §143. Publications - §143. Publications 1. Informational publications. The Secretary of State may...

Chapter 2: INCORPORATION

13-C §201. Incorporators - §201. Incorporators One or more persons may serve as the...

13-C §202. Articles of incorporation - §202. Articles of incorporation 1. Required elements. The articles of...

13-C §203. Incorporation - §203. Incorporation 1. Beginning of corporate existence. Unless a later...

13-C §204. Liability for preincorporation transactions - §204. Liability for preincorporation transactions All persons purporting to act...

13-C §205. Organization of corporation - §205. Organization of corporation 1. Organizational meeting. An organizational meeting...

13-C §206. Bylaws - §206. Bylaws 1. Adoption of bylaws. The incorporators or board...

13-C §207. Emergency bylaws - §207. Emergency bylaws 1. Emergency defined. For purposes of this...

Chapter 3: PURPOSES AND POWERS

13-C §301. Corporate purposes - §301. Corporate purposes 1. Purpose of engaging in lawful business....

13-C §302. General powers - §302. General powers Unless its articles of incorporation provide otherwise,...

13-C §303. Emergency powers - §303. Emergency powers 1. Emergency defined. For the purposes of...

13-C §304. Ultra vires - §304. Ultra vires 1. Corporate action not subject to challenge....

Chapter 4: NAME

13-C §401. Corporate name - §401. Corporate name 1. Prohibition. A corporate name may not...

13-C §402. Reserved name - §402. Reserved name 1. Reserve use of name. A person...

13-C §403. Registered name of foreign corporation - §403. Registered name of foreign corporation 1. Register corporate name....

13-C §404. Assumed or fictitious name of corporation - §404. Assumed or fictitious name of corporation 1. Assumed name;...

Chapter 5: OFFICE AND CLERK

13-C §501. Registered office and clerk (REPEALED) - §501. Registered office and clerk (REPEALED) SECTION HISTORY PL 2001,...

13-C §502. Service on corporation (REPEALED) - §502. Service on corporation (REPEALED) SECTION HISTORY PL 2001, c....

Chapter 5-A: CLERK

13-C §511. Clerk - §511. Clerk Each domestic corporation to which this Act applies...

13-C §512. Service of process upon domestic corporation - §512. Service of process upon domestic corporation Service of process,...

Chapter 6: SHARES AND DISTRIBUTIONS

Subchapter 1: SHARES

13-C §601. Authorized shares - §601. Authorized shares 1. Classes and number of shares authorized....

13-C §602. Terms of class or series determined by board of directors - §602. Terms of class or series determined by board of...

13-C §603. Issued and outstanding shares - §603. Issued and outstanding shares 1. Issue number of shares...

13-C §604. Fractional shares - §604. Fractional shares 1. Authorization. A corporation may: A. Issue...

Subchapter 2: ISSUANCE OF SHARES

13-C §621. Subscription for shares before incorporation - §621. Subscription for shares before incorporation 1. Revocability. A subscription...

13-C §622. Issuance of shares - §622. Issuance of shares 1. Reservation of powers. The powers...

13-C §623. Liability of shareholders - §623. Liability of shareholders 1. Liability for paying consideration. A...

13-C §624. Share dividends - §624. Share dividends 1. Pro rata shares. Unless a corporation's...

13-C §625. Share options - §625. Share options 1. Board authority to issue options. A...

13-C §626. Form and content of certificates - §626. Form and content of certificates 1. Certificate not required....

13-C §627. Shares without certificates - §627. Shares without certificates 1. Authorization. Unless the articles of...

13-C §628. Restriction on transfer of shares and other securities - §628. Restriction on transfer of shares and other securities 1....

13-C §629. Expense of issue - §629. Expense of issue A corporation may pay the expenses...

Subchapter 3: SUBSEQUENT ACQUISITION OF SHARES BY SHAREHOLDERS AND CORPORATION

13-C §641. Shareholders' preemptive rights - §641. Shareholders' preemptive rights 1. Share includes. For purposes of...

13-C §642. Corporation's acquisition of its own shares - §642. Corporation's acquisition of its own shares 1. Acquisition. A...

Subchapter 4: DISTRIBUTIONS

13-C §651. Distributions to shareholders - §651. Distributions to shareholders 1. Distributions. A board of directors...

Chapter 7: SHAREHOLDERS

Subchapter 1: MEETINGS

13-C §701. Annual meeting - §701. Annual meeting 1. Annual meeting required; exceptions. Unless directors...

13-C §702. Special meeting - §702. Special meeting 1. Special meeting required. A corporation shall...

13-C §703. Court-ordered meeting - §703. Court-ordered meeting 1. Shareholder application. The Superior Court of...

13-C §704. Action without meeting - §704. Action without meeting 1. Permissible action by unanimous consent....

13-C §705. Notice of meeting - §705. Notice of meeting 1. Notification to shareholders. A corporation...

13-C §706. Waiver of notice - §706. Waiver of notice 1. Shareholder may waive notice. A...

13-C §707. Record date - §707. Record date 1. Establishment of record date. A corporation's...

13-C §708. Conduct of meeting - §708. Conduct of meeting 1. Chair presides. At each meeting...

13-C §709. Remote participation in annual and special meetings - §709. Remote participation in annual and special meetings 1. Participation...

Subchapter 2: VOTING

13-C §721. Shareholders lists for meeting - §721. Shareholders lists for meeting 1. Lists of shareholders' names....

13-C §722. Voting entitlement of shares - §722. Voting entitlement of shares 1. Entitlement to vote. Except...

13-C §723. Proxies - §723. Proxies 1. Voting authorized. A shareholder may vote the...

13-C §724. Shares held by nominees - §724. Shares held by nominees 1. Recognition of beneficial owner...

13-C §725. Acceptance of votes and other instruments - §725. Acceptance of votes and other instruments 1. Corresponding name....

13-C §726. Shares held by minor - §726. Shares held by minor If the record owner of...

13-C §727. Quorum and voting requirements for voting groups - §727. Quorum and voting requirements for voting groups 1. Quorum....

13-C §728. Action by single and multiple voting groups - §728. Action by single and multiple voting groups 1. Voting...

13-C §729. Greater quorum or voting requirements - §729. Greater quorum or voting requirements 1. Greater number may...

13-C §730. Voting for directors; cumulative voting - §730. Voting for directors; cumulative voting 1. Election by plurality....

13-C §731. Inspectors of election - §731. Inspectors of election 1. Appointment of inspector. A public...

13-C §732. Judicial determination of corporate offices and review of elections and shareholder votes - §732. Judicial determination of corporate offices and review of elections...

Subchapter 3: VOTING TRUSTS AND AGREEMENTS

13-C §741. Voting trusts - §741. Voting trusts 1. Creation of voting trust. One or...

13-C §742. Voting agreements - §742. Voting agreements 1. Creation of voting agreement. Two or...

13-C §743. Shareholder agreements - §743. Shareholder agreements 1. Shareholder agreement effective despite inconsistency with...

Subchapter 4: DERIVATIVE PROCEEDINGS

13-C §751. Definitions - §751. Definitions As used in this subchapter, unless the context...

13-C §752. Standing - §752. Standing A shareholder may not commence or maintain a...

13-C §753. Demand - §753. Demand A shareholder may not commence a derivative proceeding...

13-C §754. Stay of proceedings - §754. Stay of proceedings If the corporation commences an inquiry...

13-C §755. Dismissal - §755. Dismissal 1. Dismissal of proceeding. The court, on motion...

13-C §756. Discontinuance or settlement - §756. Discontinuance or settlement A derivative proceeding may not be...

13-C §757. Payment of expenses - §757. Payment of expenses On termination of the derivative proceeding...

13-C §758. Applicability to foreign corporations - §758. Applicability to foreign corporations In any derivative proceeding in...

Subchapter 5: PROCEEDINGS TO APPOINT CUSTODIAN OR RECEIVER

13-C §781. Shareholder action to appoint custodian or receiver - §781. Shareholder action to appoint custodian or receiver 1. Court...

Chapter 8: DIRECTORS AND OFFICERS

Subchapter 1: BOARD OF DIRECTORS

13-C §801. Requirement; duties of board of directors - §801. Requirement; duties of board of directors 1. Board of...

13-C §802. Qualifications of directors - §802. Qualifications of directors 1. General. The corporation's articles of...

13-C §803. Number and election of directors - §803. Number and election of directors 1. Number of directors....

13-C §804. Election of directors by certain classes of shareholders - §804. Election of directors by certain classes of shareholders If...

13-C §805. Terms of directors - §805. Terms of directors 1. Terms of initial directors. The...

13-C §806. Staggered terms for directors - §806. Staggered terms for directors The corporation's articles of incorporation...

13-C §807. Resignation of directors - §807. Resignation of directors 1. Notice of resignation. A director...

13-C §808. Removal of directors by shareholders - §808. Removal of directors by shareholders The shareholders may remove...

13-C §809. Removal of directors by judicial proceeding - §809. Removal of directors by judicial proceeding 1. Removal by...

13-C §810. Vacancy on board - §810. Vacancy on board 1. Vacancy. Unless the corporation's articles...

13-C §811. Compensation of directors - §811. Compensation of directors Unless the corporation's articles of incorporation...

Subchapter 2: MEETINGS AND ACTION OF BOARD

13-C §821. Meetings - §821. Meetings 1. Location. The corporation's board of directors may...

13-C §822. Action without meeting - §822. Action without meeting 1. Action without meeting. Except to...

13-C §823. Notice of meeting - §823. Notice of meeting 1. Regular meetings. Unless the corporation's...

13-C §824. Waiver of notice - §824. Waiver of notice 1. Waive notice of meeting. A...

13-C §825. Quorum and voting - §825. Quorum and voting 1. Quorum. Unless the corporation's articles...

13-C §826. Committees - §826. Committees 1. Create committees. Unless this Act, the articles...

13-C §827. Submission of matters for shareholder vote - §827. Submission of matters for shareholder vote A corporation may...

Subchapter 3: DIRECTORS

13-C §831. Standards of conduct for directors - §831. Standards of conduct for directors 1. Basic standard of...

13-C §832. Standards of liability for directors - §832. Standards of liability for directors 1. Basis for potential...

13-C §833. Director's liability for unlawful distributions - §833. Director's liability for unlawful distributions 1. Personal liability. A...

Subchapter 4: OFFICERS

13-C §841. Offices - §841. Offices 1. Offices. A corporation has the offices described...

13-C §842. Functions of officers - §842. Functions of officers 1. Sources. An officer has the...

13-C §843. Standards of conduct for officers - §843. Standards of conduct for officers 1. Basic standard of...

13-C §844. Resignation and removal of officers - §844. Resignation and removal of officers 1. Resignation. An officer...

13-C §845. Contract rights of officers - §845. Contract rights of officers 1. No implied contract rights....

13-C §846. Clerk (REPEALED) - §846. Clerk (REPEALED) SECTION HISTORY PL 2001, c. 640, §A2...

Subchapter 5: INDEMNIFICATION AND ADVANCE FOR EXPENSES

13-C §851. Definitions - §851. Definitions As used in this subchapter, unless the context...

13-C §852. Permissible indemnification - §852. Permissible indemnification 1. Standards of conduct. Except as otherwise...

13-C §853. Mandatory indemnification - §853. Mandatory indemnification A corporation shall indemnify a director who...

13-C §854. Advance for expenses - §854. Advance for expenses 1. Conditions. A corporation may, before...

13-C §855. Court-ordered indemnification; advance for expenses - §855. Court-ordered indemnification; advance for expenses 1. Application and order....

13-C §856. Determination and authorization of indemnification - §856. Determination and authorization of indemnification 1. Prerequisites to indemnity....

13-C §857. Indemnification of officers - §857. Indemnification of officers 1. Permissible scope. A corporation may...

13-C §858. Insurance - §858. Insurance A corporation may purchase and maintain insurance on...

13-C §859. Variation by corporate action; application of subchapter - §859. Variation by corporate action; application of subchapter 1. Undertakings...

13-C §860. Exclusivity of subchapter - §860. Exclusivity of subchapter A corporation may provide indemnification or...

Subchapter 6: DIRECTORS' CONFLICTING-INTEREST TRANSACTIONS

13-C §871. Definitions - §871. Definitions As used in this subchapter, unless the context...

13-C §872. Judicial action - §872. Judicial action 1. Nonconflicting-interest transaction not actionable. A transaction...

13-C §873. Directors' action - §873. Directors' action 1. Action regarding transaction. Directors' action regarding...

13-C §874. Shareholders' action - §874. Shareholders' action 1. Shareholders' action. Shareholders' action regarding a...

Subchapter 7: BUSINESS OPPORTUNITIES

13-C §881. Business opportunities - §881. Business opportunities 1. Business opportunity not actionable if standards...

Chapter 9: DOMESTICATION AND CONVERSION

Subchapter 1: DOMESTICATION

13-C §921. Domestication - §921. Domestication 1. Foreign business corporation may become domestic business...

13-C §922. Action on plan of domestication - §922. Action on plan of domestication In the case of...

13-C §923. Articles of domestication - §923. Articles of domestication 1. Articles of domestication. After the...

13-C §924. Surrender of charter upon domestication - §924. Surrender of charter upon domestication 1. Articles of charter...

13-C §925. Effect of domestication - §925. Effect of domestication 1. Domestication of foreign business corporation....

13-C §926. Abandonment of domestication - §926. Abandonment of domestication 1. Abandonment of domestication by domestic...

Subchapter 2: NONPROFIT CONVERSION

13-C §931. Nonprofit conversion - §931. Nonprofit conversion 1. Domestic nonprofit corporation; nonprofit conversion plan....

13-C §932. Action on plan of nonprofit conversion - §932. Action on plan of nonprofit conversion In the case...

13-C §933. Articles of nonprofit conversion - §933. Articles of nonprofit conversion 1. Articles of nonprofit conversion....

13-C §934. Surrender of charter upon foreign nonprofit conversion - §934. Surrender of charter upon foreign nonprofit conversion 1. Articles...

13-C §935. Effect of nonprofit conversion - §935. Effect of nonprofit conversion 1. Conversion to domestic nonprofit...

13-C §936. Abandonment of nonprofit conversion - §936. Abandonment of nonprofit conversion 1. Abandonment of plan. Unless...

Subchapter 3: FOREIGN NONPROFIT DOMESTICATION AND CONVERSION

13-C §941. Foreign nonprofit domestication and conversion - §941. Foreign nonprofit domestication and conversion A foreign nonprofit corporation...

13-C §942. Articles of domestication and conversion - §942. Articles of domestication and conversion 1. Conversion to domestic...

13-C §943. Effect of foreign nonprofit domestication and conversion - §943. Effect of foreign nonprofit domestication and conversion 1. Effect...

13-C §944. Abandonment of foreign nonprofit domestication and conversion - §944. Abandonment of foreign nonprofit domestication and conversion If the...

Subchapter 4: ENTITY CONVERSION

13-C §951. Definitions - §951. Definitions As used in this subchapter, unless the context...

13-C §952. Entity conversion authorized - §952. Entity conversion authorized 1. Domestic other entity. A domestic...

13-C §953. Plan of entity conversion - §953. Plan of entity conversion 1. Plan of entity conversion....

13-C §954. Action on plan of entity conversion - §954. Action on plan of entity conversion In the case...

13-C §955. Articles of entity conversion - §955. Articles of entity conversion 1. Conversion to domestic unincorporated...

13-C §956. Surrender of charter upon conversion - §956. Surrender of charter upon conversion 1. Articles of charter...

13-C §957. Effect of entity conversion - §957. Effect of entity conversion 1. Conversion to domestic business...

13-C §958. Abandonment of entity conversion - §958. Abandonment of entity conversion 1. Conversion abandoned by board...

Chapter 10: AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS

Subchapter 1: AMENDMENT OF ARTICLES OF INCORPORATION

13-C §1001. Authority to amend - §1001. Authority to amend 1. Generally. A corporation may amend...

13-C §1002. Amendment before issuance of shares - §1002. Amendment before issuance of shares If a corporation has...

13-C §1003. Amendment by board of directors and shareholders - §1003. Amendment by board of directors and shareholders If a...

13-C §1004. Voting on amendments by voting groups - §1004. Voting on amendments by voting groups 1. Separate voting...

13-C §1005. Amendment by board of directors - §1005. Amendment by board of directors Unless the articles of...

13-C §1006. Articles of amendment - §1006. Articles of amendment 1. Content. After an amendment to...

13-C §1007. Restated articles of incorporation - §1007. Restated articles of incorporation 1. Consolidation into single document....

13-C §1008. Amendment pursuant to reorganization - §1008. Amendment pursuant to reorganization 1. Court ordered reorganization. A...

13-C §1009. Effect of amendment - §1009. Effect of amendment An amendment to a corporation's articles...

Subchapter 2: AMENDMENT OF BYLAWS

13-C §1020. Amendment by board of directors or shareholders - §1020. Amendment by board of directors or shareholders 1. Shareholders...

13-C §1021. Bylaw increasing quorum or voting requirement for directors - §1021. Bylaw increasing quorum or voting requirement for directors 1....

Chapter 11: MERGERS AND SHARE EXCHANGES

13-C §1101. Definitions - §1101. Definitions As used in this chapter, unless the context...

13-C §1102. Merger - §1102. Merger 1. General authority of domestic corporations. One or...

13-C §1103. Share exchange - §1103. Share exchange 1. Share exchange. Through a share exchange:...

13-C §1104. Action on plan of merger or share exchange - §1104. Action on plan of merger or share exchange In...

13-C §1105. Merger between parent corporation and subsidiary corporation or between subsidiary corporations - §1105. Merger between parent corporation and subsidiary corporation or between...

13-C §1106. Articles of merger or share exchange - §1106. Articles of merger or share exchange 1. Signing of...

13-C §1107. Effect of merger or share exchange - §1107. Effect of merger or share exchange 1. Merger. When...

13-C §1108. Abandonment of merger or share exchange - §1108. Abandonment of merger or share exchange 1. Abandoned merger...

13-C §1109. Required vote of shareholders in certain business combinations - §1109. Required vote of shareholders in certain business combinations 1....

13-C §1110. Right of shareholders to receive payment for shares following control transaction - §1110. Right of shareholders to receive payment for shares following...

Chapter 12: DISPOSITION OF ASSETS

13-C §1201. Disposition of assets not requiring shareholder approval - §1201. Disposition of assets not requiring shareholder approval Approval of...

13-C §1202. Shareholder approval of certain dispositions - §1202. Shareholder approval of certain dispositions 1. No significant continuing...

Chapter 13: APPRAISAL RIGHTS

Subchapter 1: APPRAISAL RIGHTS AND PAYMENT FOR SHARES

13-C §1301. Definitions - §1301. Definitions As used in this chapter, unless the context...

13-C §1302. Appraisal rights - §1302. Appraisal rights A shareholder is entitled to appraisal rights...

13-C §1303. Limitations on appraisal rights - §1303. Limitations on appraisal rights Notwithstanding section 1302, the availability...

13-C §1304. Limitation or elimination of appraisal rights in articles of incorporation - §1304. Limitation or elimination of appraisal rights in articles of...

13-C §1305. Challenge by shareholder (REPEALED) - §1305. Challenge by shareholder (REPEALED) SECTION HISTORY PL 2001, c....

13-C §1306. Assertion of appraisal rights - §1306. Assertion of appraisal rights 1. Record shareholder assert appraisal...

Subchapter 2: PROCEDURE FOR EXERCISE OF APPRAISAL RIGHTS

13-C §1321. Notice of appraisal rights - §1321. Notice of appraisal rights 1. Meeting notice. If a...

13-C §1322. Notice of intent to demand payment (REPEALED) - §1322. Notice of intent to demand payment (REPEALED) SECTION HISTORY...

13-C §1322-A. Notice of intent to demand payment - §1322-A. Notice of intent to demand payment 1. Preservation of...

13-C §1323. Appraisal notice and form - §1323. Appraisal notice and form 1. Written appraisal notice; form....

13-C §1324. Perfection of rights; right to withdraw - §1324. Perfection of rights; right to withdraw 1. Perfection of...

13-C §1325. Payment - §1325. Payment 1. Fair value. Except as provided in section...

13-C §1326. After-acquired shares - §1326. After-acquired shares 1. Withhold payment. A corporation may elect...

13-C §1327. Procedure if shareholder dissatisfied with payment or offer - §1327. Procedure if shareholder dissatisfied with payment or offer 1....

Subchapter 3: JUDICIAL APPRAISAL OF SHARES

13-C §1331. Court action - §1331. Court action 1. Commence proceeding. If a shareholder makes...

13-C §1332. Court costs and counsel fees - §1332. Court costs and counsel fees 1. Court costs. The...

Subchapter 4: OTHER REMEDIES

13-C §1341. Other remedies limited - §1341. Other remedies limited 1. Limitation on proposed or completed...

Chapter 14: DISSOLUTION

Subchapter 1: VOLUNTARY DISSOLUTION

13-C §1401. Dissolution by incorporators or initial directors - §1401. Dissolution by incorporators or initial directors A majority of...

13-C §1402. Dissolution by board of directors and shareholders - §1402. Dissolution by board of directors and shareholders 1. Dissolution...

13-C §1403. Dissolution by written consent of all shareholders - §1403. Dissolution by written consent of all shareholders A proposal...

13-C §1404. Articles of dissolution - §1404. Articles of dissolution 1. File articles of dissolution with...

13-C §1405. Revocation of dissolution - §1405. Revocation of dissolution 1. Revoke dissolution. A corporation may...

13-C §1406. Effect of dissolution - §1406. Effect of dissolution 1. Extension of corporate existence. A...

13-C §1407. Known claims against dissolved corporation - §1407. Known claims against dissolved corporation 1. Disposition of known...

13-C §1408. Other claims against dissolved corporation - §1408. Other claims against dissolved corporation 1. Publish notice of...

13-C §1409. Court proceedings - §1409. Court proceedings 1. Security provided for payment of claim....

13-C §1410. Duties of directors - §1410. Duties of directors 1. Duties. Directors of a dissolved...

Subchapter 2: ADMINISTRATIVE DISSOLUTION

13-C §1420. Grounds for administrative dissolution - §1420. Grounds for administrative dissolution Notwithstanding Title 4, chapter 5...

13-C §1421. Procedure for and effect of administrative dissolution - §1421. Procedure for and effect of administrative dissolution 1. Notice...

13-C §1422. Reinstatement following administrative dissolution - §1422. Reinstatement following administrative dissolution 1. Reinstatement. A corporation administratively...

13-C §1423. Appeal from denial of reinstatement - §1423. Appeal from denial of reinstatement 1. Denial of reinstatement....

13-C §1424. Reinstatement of suspended corporate charter - §1424. Reinstatement of suspended corporate charter 1. Reinstatement after charter...

13-C §1425. Revival of a domestic business corporation after dissolution - §1425. Revival of a domestic business corporation after dissolution 1....

13-C §1426. Late reinstatement of business corporation after administrative dissolution - §1426. Late reinstatement of business corporation after administrative dissolution 1....

Subchapter 3: JUDICIAL DISSOLUTION

13-C §1430. Grounds for judicial dissolution - §1430. Grounds for judicial dissolution A corporation may be dissolved...

13-C §1431. Procedure for judicial dissolution - §1431. Procedure for judicial dissolution 1. Venue. Venue for a...

13-C §1432. Receivership - §1432. Receivership 1. Appoint receivers. A court in a judicial...

13-C §1433. Decree of dissolution - §1433. Decree of dissolution 1. Decree dissolving corporation. If after...

13-C §1434. Discretion of court to grant relief other than dissolution - §1434. Discretion of court to grant relief other than dissolution...

Subchapter 4: MISCELLANEOUS

13-C §1440. Deposit with Treasurer of State - §1440. Deposit with Treasurer of State Assets of a dissolved...

Chapter 15: FOREIGN CORPORATIONS

Subchapter 1: AUTHORIZATION OF FOREIGN CORPORATION TO TRANSACT BUSINESS IN THIS STATE

13-C §1501. Authority to transact business required - §1501. Authority to transact business required 1. Application for authority....

13-C §1502. Consequences of transacting business without authority - §1502. Consequences of transacting business without authority 1. No court...

13-C §1503. Application for authority - §1503. Application for authority 1. Application for authority. A foreign...

13-C §1504. Amended application for authority - §1504. Amended application for authority 1. Amended application for authority....

13-C §1505. Effect of authorization to transact business in this State - §1505. Effect of authorization to transact business in this State...

13-C §1506. Corporate name of foreign corporation - §1506. Corporate name of foreign corporation 1. Corporate name. If...

13-C §1507. Registered office and registered agent of foreign corporation (REPEALED) - §1507. Registered office and registered agent of foreign corporation (REPEALED)...

13-C §1507-A. Registered agent of foreign corporation - §1507-A. Registered agent of foreign corporation Each foreign corporation authorized...

13-C §1508. Change of registered office or registered agent of foreign corporation (REPEALED) - §1508. Change of registered office or registered agent of foreign...

13-C §1509. Resignation of registered agent of foreign corporation (REPEALED) - §1509. Resignation of registered agent of foreign corporation (REPEALED) SECTION...

13-C §1510. Service on foreign corporation (REPEALED) - §1510. Service on foreign corporation (REPEALED) SECTION HISTORY PL 2001,...

13-C §1510-A. Service of process upon authorized foreign corporation - §1510-A. Service of process upon authorized foreign corporation Service of...

Subchapter 2: WITHDRAWAL OR TRANSFER OF AUTHORITY

13-C §1521. Withdrawal of foreign corporation - §1521. Withdrawal of foreign corporation 1. Application of withdrawal. A...

13-C §1522. Automatic withdrawal upon certain conversions - §1522. Automatic withdrawal upon certain conversions A foreign business corporation...

13-C §1523. Withdrawal upon conversion to a nonfiling entity - §1523. Withdrawal upon conversion to a nonfiling entity 1. Withdrawal...

13-C §1524. Transfer of authority - §1524. Transfer of authority 1. Application for transfer of authority;...

Subchapter 3: REVOCATION OF AUTHORITY

13-C §1531. Grounds for revocation (REPEALED) - §1531. Grounds for revocation (REPEALED) SECTION HISTORY PL 2001, c....

13-C §1531-A. Grounds for revocation - §1531-A. Grounds for revocation Notwithstanding Title 4, chapter 5 and...

13-C §1532. Procedure for and effect of revocation - §1532. Procedure for and effect of revocation 1. Notice of...

13-C §1533. Appeal from revocation - §1533. Appeal from revocation 1. Petition to appeal revocation. A...

Chapter 16: RECORDS AND REPORTS

Subchapter 1: RECORDS

13-C §1601. Corporate records - §1601. Corporate records 1. Minutes of meetings. A corporation shall...

13-C §1602. Inspection of records by shareholders - §1602. Inspection of records by shareholders 1. Shareholder defined. For...

13-C §1603. Scope of inspection right - §1603. Scope of inspection right 1. Agent; attorney. A shareholder's...

13-C §1604. Court-ordered inspection - §1604. Court-ordered inspection 1. Order inspection. If a corporation does...

13-C §1605. Inspection of records by directors - §1605. Inspection of records by directors 1. Inspect; copy records....

13-C §1606. Exception to notice requirement - §1606. Exception to notice requirement 1. Notice. Whenever notice would...

Subchapter 2: REPORTS

13-C §1620. Financial statements for shareholders - §1620. Financial statements for shareholders 1. Financial statements. No later...

13-C §1621. Annual report of domestic and foreign corporations; excuse - §1621. Annual report of domestic and foreign corporations; excuse 1....

13-C §1622. Failure to file annual report; incorrect report; penalties - §1622. Failure to file annual report; incorrect report; penalties 1....

13-C §1623. Amended annual report of domestic or foreign corporations - §1623. Amended annual report of domestic or foreign corporations 1....

Chapter 17: TRANSITION PROVISIONS

13-C §1701. Application - §1701. Application 1. Application. Except as provided in subsection 2,...

13-C §1702. Application to qualified foreign corporations - §1702. Application to qualified foreign corporations A foreign corporation authorized...

Chapter 18: BENEFIT CORPORATIONS

Subchapter 1: GENERAL PROVISIONS

13-C §1801. Application and effect of chapter - §1801. Application and effect of chapter 1. Application of chapter....

13-C §1802. Definitions - §1802. Definitions As used in this chapter, unless the context...

13-C §1803. Incorporation of benefit corporation - §1803. Incorporation of benefit corporation A benefit corporation must be...

13-C §1804. Election of benefit corporation status - §1804. Election of benefit corporation status 1. Existing corporation. An...

13-C §1805. Termination of benefit corporation status - §1805. Termination of benefit corporation status 1. Termination. A benefit...

Subchapter 2: CORPORATE PURPOSES

13-C §1811. Corporate purposes - §1811. Corporate purposes 1. General public benefit purpose. A benefit...

Subchapter 3: ACCOUNTABILITY

13-C §1821. Standard of conduct for directors - §1821. Standard of conduct for directors 1. Consideration of interests....

13-C §1822. Benefit director - §1822. Benefit director 1. General rule. The board of directors...

13-C §1823. Standard of conduct for officers - §1823. Standard of conduct for officers 1. General rule. An...

13-C §1824. Benefit officer - §1824. Benefit officer 1. Designation. A benefit corporation may have...

13-C §1825. Right of action - §1825. Right of action 1. General rule. Except in a...

Subchapter 4: TRANSPARENCY

13-C §1831. Preparation of annual benefit report - §1831. Preparation of annual benefit report 1. Contents. A benefit...

13-C §1832. Availability of annual benefit report - §1832. Availability of annual benefit report 1. Timing of report....

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Maine Revised Statutes TITLE 13-C: MAINE BUSINESS CORPORATION ACT

Maine Revised Statutes
TITLE 13-C: MAINE BUSINESS CORPORATION ACT