Maine Revised Statutes
TITLE 13: CORPORATIONS
Part 1: CORPORATIONS GENERALLY

13 §106. Officers holding over; election after annual meeting; objections (REPEALED) - §106. Officers holding over; election after annual meeting; objections (REPEALED)...

13 §107. New election if objections filed (REPEALED) - §107. New election if objections filed (REPEALED) SECTION HISTORY PL...

Chapter 5: POWERS AND AMENDMENTS

Subchapter 1: POWERS

13 §141. General powers (REPEALED) - §141. General powers (REPEALED) SECTION HISTORY PL 1969, c. 227...

13 §142. Out-of-state business (REPEALED) - §142. Out-of-state business (REPEALED) SECTION HISTORY PL 1971, c. 439,...

13 §143. Ownership of corporate stock (REPEALED) - §143. Ownership of corporate stock (REPEALED) SECTION HISTORY PL 1971,...

13 §144. Sale of installment bonds (REPEALED) - §144. Sale of installment bonds (REPEALED) SECTION HISTORY PL 1967,...

13 §145. Making and altering bylaws (REPEALED) - §145. Making and altering bylaws (REPEALED) SECTION HISTORY PL 1965,...

13 §146. Right of indemnification (REPEALED) - §146. Right of indemnification (REPEALED) SECTION HISTORY PL 1965, c....

13 §147. Assessments; sale of shares for neglect to pay (REPEALED) - §147. Assessments; sale of shares for neglect to pay (REPEALED)...

13 §148. Sale of stock (REPEALED) - §148. Sale of stock (REPEALED) SECTION HISTORY PL 1971, c....

Subchapter 2: LIMITATIONS

13 §171. Formation of trusts forbidden - §171. Formation of trusts forbidden It is unlawful for any...

13 §172. Evidence of interest in trust has no legal recognition - §172. Evidence of interest in trust has no legal recognition...

13 §173. Penalties - §173. Penalties Any firm, incorporated or unincorporated company, or association...

Subchapter 3: CHANGES AND AMENDMENTS

13 §201. Increase in capital stock; change of purpose; number of directors or certificate; fees (REPEALED) - §201. Increase in capital stock; change of purpose; number of...

13 §202. Reduction of capital stock (REPEALED) - §202. Reduction of capital stock (REPEALED) SECTION HISTORY PL 1971,...

13 §203. Reorganizations and changes under federal law (REPEALED) - §203. Reorganizations and changes under federal law (REPEALED) SECTION HISTORY...

13 §204. Change of name; certificate filed in registry of deeds (REPEALED) - §204. Change of name; certificate filed in registry of deeds...

13 §205. Change of location; certificate filed in registry of deeds (REPEALED) - §205. Change of location; certificate filed in registry of deeds...

13 §206. Certificate of every change filed with Secretary of State (REPEALED) - §206. Certificate of every change filed with Secretary of State...

Chapter 7: MERGER, CONSOLIDATION, SALE OF ASSETS

Subchapter 1: PROCEDURE

13 §241. Sale, lease or consolidation; consent of stockholders (REPEALED) - §241. Sale, lease or consolidation; consent of stockholders (REPEALED) SECTION...

13 §242. Agreement to consolidate (REPEALED) - §242. Agreement to consolidate (REPEALED) SECTION HISTORY PL 1971, c....

13 §243. Vote on consolidation agreement (REPEALED) - §243. Vote on consolidation agreement (REPEALED) SECTION HISTORY PL 1971,...

13 §244. Notice of dissent (REPEALED) - §244. Notice of dissent (REPEALED) SECTION HISTORY PL 1971, c....

13 §245. Consolidation with foreign corporation (REPEALED) - §245. Consolidation with foreign corporation (REPEALED) SECTION HISTORY PL 1969,...

13 §246. Law governing; service of process (REPEALED) - §246. Law governing; service of process (REPEALED) SECTION HISTORY PL...

13 §247. Status of new corporation (REPEALED) - §247. Status of new corporation (REPEALED) SECTION HISTORY PL 1971,...

13 §248. Change of location (REPEALED) - §248. Change of location (REPEALED) SECTION HISTORY PL 1971, c....

13 §249. Definitions (REPEALED) - §249. Definitions (REPEALED) SECTION HISTORY PL 1971, c. 439, §25...

13 §250. Fees (REPEALED) - §250. Fees (REPEALED) SECTION HISTORY PL 1971, c. 439, §25...

Subchapter 2: RIGHTS OF DISSENTING STOCKHOLDERS

13 §281. Filing of petition (REPEALED) - §281. Filing of petition (REPEALED) SECTION HISTORY PL 1969, c....

13 §282. Failure to enter petition; prosecution by stockholder (REPEALED) - §282. Failure to enter petition; prosecution by stockholder (REPEALED) SECTION...

13 §283. Valuation of shares; deposit of award; shares as corporate property (REPEALED) - §283. Valuation of shares; deposit of award; shares as corporate...

13 §284. Appeals; lien of appellant (REPEALED) - §284. Appeals; lien of appellant (REPEALED) SECTION HISTORY PL 1971,...

13 §285. Assent assumed if dissent not filed; guardian for incapacitated stockholder (REPEALED) - §285. Assent assumed if dissent not filed; guardian for incapacitated...

13 §286. Deposit of shares in court; transfers subject to final decree (REPEALED) - §286. Deposit of shares in court; transfers subject to final...

13 §287. Failure to pay amount decreed; lien of dissenting stockholder (REPEALED) - §287. Failure to pay amount decreed; lien of dissenting stockholder...

13 §288. Hearing and determination; orders for enforcement of rights (REPEALED) - §288. Hearing and determination; orders for enforcement of rights (REPEALED)...

13 §289. Formal defects; new petition (REPEALED) - §289. Formal defects; new petition (REPEALED) SECTION HISTORY PL 1971,...

13 §290. Exceptions (REPEALED) - §290. Exceptions (REPEALED) SECTION HISTORY PL 1971, c. 439, §25...

13 §291. Pending proceedings bar action (REPEALED) - §291. Pending proceedings bar action (REPEALED) SECTION HISTORY PL 1971,...

Chapter 9: CONTRACTS AND LIABILITIES

13 §331. Parol contracts - §331. Parol contracts Corporations are bound by parol contracts made...

13 §332. Mortgages - §332. Mortgages Title 23, chapter 605, subchapters IV and V,...

13 §333. Property and franchise taken for debts - §333. Property and franchise taken for debts The property of...

13 §334. Information for process server - §334. Information for process server Every agent or person having...

13 §335. Execution satisfied from debts due; proceedings - §335. Execution satisfied from debts due; proceedings An officer, having...

13 §336. Neglect of duty; penalty - §336. Neglect of duty; penalty Any officer or other person...

13 §337. Books produced for trial; refusal - §337. Books produced for trial; refusal When a suit or...

Chapter 11: DIRECTORS AND OFFICERS

13 §371. Officers; qualifications of directors; treasurer's bond; clerk; classes of directors; out-of-state meetings (REPEALED) - §371. Officers; qualifications of directors; treasurer's bond; clerk; classes of...

13 §372. Appointment of directors by court; proceedings (REPEALED) - §372. Appointment of directors by court; proceedings (REPEALED) SECTION HISTORY...

13 §373. Clerk's office, books; record of stockholders; inspection of record (REPEALED) - §373. Clerk's office, books; record of stockholders; inspection of record...

13 §374. Preventing use of records and books (REPEALED) - §374. Preventing use of records and books (REPEALED) SECTION HISTORY...

13 §375. Certificate of election of clerk; attested copy evidence (REPEALED) - §375. Certificate of election of clerk; attested copy evidence (REPEALED)...

13 §376. Resignation of clerk (REPEALED) - §376. Resignation of clerk (REPEALED) SECTION HISTORY PL 1965, c....

13 §377. Neglect to publish statement (REPEALED) - §377. Neglect to publish statement (REPEALED) SECTION HISTORY PL 1971,...

13 §378. Dividends; limitation on payment (REPEALED) - §378. Dividends; limitation on payment (REPEALED) SECTION HISTORY PL 1971,...

13 §379. Unclaimed dividends (REPEALED) - §379. Unclaimed dividends (REPEALED) SECTION HISTORY PL 1967, c. 394...

13 §380. Wasting assets corporations (REPEALED) - §380. Wasting assets corporations (REPEALED) SECTION HISTORY PL 1971, c....

Chapter 13: STOCK AND STOCKHOLDERS

Subchapter 1: CAPITAL STOCK

13 §421. Issuance of certificates of shares (REPEALED) - §421. Issuance of certificates of shares (REPEALED) SECTION HISTORY PL...

13 §422. Kinds of stock (REPEALED) - §422. Kinds of stock (REPEALED) SECTION HISTORY PL 1971, c....

13 §423. Issue of stock for property and services; rights or options (REPEALED) - §423. Issue of stock for property and services; rights or...

13 §424. Issue of nonpar stock consideration; division into capital and surplus (REPEALED) - §424. Issue of nonpar stock consideration; division into capital and...

13 §425. Preferred stock retired (REPEALED) - §425. Preferred stock retired (REPEALED) SECTION HISTORY PL 1971, c....

Subchapter 2: LIABILITY OF STOCKHOLDERS

13 §451. Personal representatives not liable (REPEALED) - §451. Personal representatives not liable (REPEALED) SECTION HISTORY PL 1971,...

13 §452. Pledgee of stock not liable (REPEALED) - §452. Pledgee of stock not liable (REPEALED) SECTION HISTORY PL...

13 §453. Liability limited by amount of stock; exception (REPEALED) - §453. Liability limited by amount of stock; exception (REPEALED) SECTION...

13 §454. Capital stock subscribed is for security of creditors (REPEALED) - §454. Capital stock subscribed is for security of creditors (REPEALED)...

13 §455. Rights of judgment creditors (REPEALED) - §455. Rights of judgment creditors (REPEALED) SECTION HISTORY PL 1971,...

13 §456. Collection of judgments (REPEALED) - §456. Collection of judgments (REPEALED) SECTION HISTORY PL 1971, c....

13 §457. Defenses (REPEALED) - §457. Defenses (REPEALED) SECTION HISTORY PL 1971, c. 439, §25...

13 §458. Reimbursement from corporation (REPEALED) - §458. Reimbursement from corporation (REPEALED) SECTION HISTORY PL 1971, c....

Chapter 15: ANNUAL RETURNS

13 §501. Contents; filing (REPEALED) - §501. Contents; filing (REPEALED) SECTION HISTORY PL 1971, c. 439,...

13 §502. Deposit in post office sufficient; neglect or refusal (REPEALED) - §502. Deposit in post office sufficient; neglect or refusal (REPEALED)...

13 §503. Action of debt to collect penalty (REPEALED) - §503. Action of debt to collect penalty (REPEALED) SECTION HISTORY...

13 §504. Discontinuance of action (REPEALED) - §504. Discontinuance of action (REPEALED) SECTION HISTORY PL 1971, c....

13 §505. Filing excused (REPEALED) - §505. Filing excused (REPEALED) SECTION HISTORY PL 1971, c. 439,...

Chapter 17: DISSOLUTION AND TERMINATION

13 §541. Existence after charter expires (REPEALED) - §541. Existence after charter expires (REPEALED) SECTION HISTORY PL 1971,...

13 §542. Judgment of dissolution and injunction against continuing business (REPEALED) - §542. Judgment of dissolution and injunction against continuing business (REPEALED)...

13 §543. Receivers; attachments dissolved; distribution of assets; priorities (REPEALED) - §543. Receivers; attachments dissolved; distribution of assets; priorities (REPEALED) SECTION...

13 §544. Authority of receiver; to report to court (REPEALED) - §544. Authority of receiver; to report to court (REPEALED) SECTION...

13 §545. Presentation of claims (REPEALED) - §545. Presentation of claims (REPEALED) SECTION HISTORY PL 1971, c....

13 §546. Sale of property and franchises; receiver may accept claims in payment (REPEALED) - §546. Sale of property and franchises; receiver may accept claims...

13 §547. Jurisdiction (REPEALED) - §547. Jurisdiction (REPEALED) SECTION HISTORY PL 1971, c. 439, §25...

13 §548. Distribution of assets (REPEALED) - §548. Distribution of assets (REPEALED) SECTION HISTORY PL 1971, c....

13 §549. Equitable relief; no liabilities, no trustees (REPEALED) - §549. Equitable relief; no liabilities, no trustees (REPEALED) SECTION HISTORY...

13 §550. Jurisdiction; collection and distribution of assets; fees (REPEALED) - §550. Jurisdiction; collection and distribution of assets; fees (REPEALED) SECTION...

13 §551. No relief from liability (REPEALED) - §551. No relief from liability (REPEALED) SECTION HISTORY PL 1971,...

13 §552. Capital not divided until debts paid (REPEALED) - §552. Capital not divided until debts paid (REPEALED) SECTION HISTORY...

13 §553. Judgment creditor may file request for equitable relief (REPEALED) - §553. Judgment creditor may file request for equitable relief (REPEALED)...

13 §554. Proceedings; trial and decree (REPEALED) - §554. Proceedings; trial and decree (REPEALED) SECTION HISTORY PL 1971,...

13 §555. Decree of dissolution filed with Secretary of State (REPEALED) - §555. Decree of dissolution filed with Secretary of State (REPEALED)...

13 §556. Estate vests in shareholders (REPEALED) - §556. Estate vests in shareholders (REPEALED) SECTION HISTORY PL 1971,...

13 §557. Taxes to be paid before dissolution (REPEALED) - §557. Taxes to be paid before dissolution (REPEALED) SECTION HISTORY...

Chapter 19: FOREIGN CORPORATIONS

13 §591. Designation of attorney for service of process (REPEALED) - §591. Designation of attorney for service of process (REPEALED) SECTION...

13 §592. Filing of charter or certificate; officers and directors subject to penalties; validity of contracts not affected (REPEALED) - §592. Filing of charter or certificate; officers and directors subject...

13 §593. Secretary of State may refuse to accept appointment or file papers (REPEALED) - §593. Secretary of State may refuse to accept appointment or...

13 §594. Increase or decrease of capital stock; filing of certificate (REPEALED) - §594. Increase or decrease of capital stock; filing of certificate...

13 §595. License fee; changes in certificate or charter (REPEALED) - §595. License fee; changes in certificate or charter (REPEALED) SECTION...

13 §596. Violations; revocation of license (REPEALED) - §596. Violations; revocation of license (REPEALED) SECTION HISTORY PL 1971,...

13 §597. Liability of officers (REPEALED) - §597. Liability of officers (REPEALED) SECTION HISTORY PL 1971, c....

13 §598. Service of process; foreign mortgages (REPEALED) - §598. Service of process; foreign mortgages (REPEALED) SECTION HISTORY PL...

13 §599. Right to sue and be sued; attachment; effect of agent's acts (REPEALED) - §599. Right to sue and be sued; attachment; effect of...

13 §600. Charitable organization exempt from fees (REPEALED) - §600. Charitable organization exempt from fees (REPEALED) SECTION HISTORY PL...

Chapter 21: FIDUCIARY SECURITY TRANSFERS (REPEALED)

13 §641. Short title (REPEALED) - §641. Short title (REPEALED) SECTION HISTORY PL 1997, c. 429,...

13 §642. Definitions (REPEALED) - §642. Definitions (REPEALED) SECTION HISTORY PL 1979, c. 541, §A132...

13 §643. Inquiry into fiduciary relationship (REPEALED) - §643. Inquiry into fiduciary relationship (REPEALED) SECTION HISTORY PL 1997,...

13 §644. Assignment by a fiduciary (REPEALED) - §644. Assignment by a fiduciary (REPEALED) SECTION HISTORY PL 1997,...

13 §645. Evidence of appointment or incumbency (REPEALED) - §645. Evidence of appointment or incumbency (REPEALED) SECTION HISTORY PL...

13 §646. Adverse claims (REPEALED) - §646. Adverse claims (REPEALED) SECTION HISTORY PL 1997, c. 429,...

13 §647. Nonliability of corporation and transfer agent (REPEALED) - §647. Nonliability of corporation and transfer agent (REPEALED) SECTION HISTORY...

13 §648. Nonliability of 3rd person (REPEALED) - §648. Nonliability of 3rd person (REPEALED) SECTION HISTORY PL 1997,...

13 §649. Territorial application (REPEALED) - §649. Territorial application (REPEALED) SECTION HISTORY PL 1997, c. 429,...

13 §650. Tax obligations (REPEALED) - §650. Tax obligations (REPEALED) SECTION HISTORY PL 1997, c. 429,...

13 §651. Uniformity of interpretation (REPEALED) - §651. Uniformity of interpretation (REPEALED) SECTION HISTORY PL 1997, c....

Chapter 22: THE PROFESSIONAL SERVICE CORPORATION ACT (REPEALED)

13 §701. Short title (REPEALED) - §701. Short title (REPEALED) SECTION HISTORY PL 1969, c. 411...

13 §702. Intent (REPEALED) - §702. Intent (REPEALED) SECTION HISTORY PL 1969, c. 411 (NEW)....

13 §703. Definitions (REPEALED) - §703. Definitions (REPEALED) SECTION HISTORY PL 1969, c. 411 (NEW)....

13 §704. Exemptions (REPEALED) - §704. Exemptions (REPEALED) SECTION HISTORY PL 1969, c. 411 (NEW)....

13 §705. Corporate organization (REPEALED) - §705. Corporate organization (REPEALED) SECTION HISTORY PL 1969, c. 411...

13 §706. Method of organization (REPEALED) - §706. Method of organization (REPEALED) SECTION HISTORY PL 1969, c....

13 §707. Limitation (REPEALED) - §707. Limitation (REPEALED) SECTION HISTORY PL 1969, c. 411 (NEW)....

13 §708. Interpretation; liability (REPEALED) - §708. Interpretation; liability (REPEALED) SECTION HISTORY PL 1969, c. 411...

13 §708-A. Interpretation; liability (REPEALED) - §708-A. Interpretation; liability (REPEALED) SECTION HISTORY PL 1995, c. 141,...

13 §709. Business transactions (REPEALED) - §709. Business transactions (REPEALED) SECTION HISTORY PL 1969, c. 411...

13 §710. Capital stock (REPEALED) - §710. Capital stock (REPEALED) SECTION HISTORY PL 1969, c. 411...

13 §711. Disqualifications (REPEALED) - §711. Disqualifications (REPEALED) SECTION HISTORY PL 1969, c. 411 (NEW)....

13 §712. Alienation of shares (REPEALED) - §712. Alienation of shares (REPEALED) SECTION HISTORY PL 1969, c....

13 §713. Corporate and assumed names (REPEALED) - §713. Corporate and assumed names (REPEALED) SECTION HISTORY PL 1969,...

13 §714. Applicability of Title (REPEALED) - §714. Applicability of Title (REPEALED) SECTION HISTORY PL 1969, c....

13 §715. Dissolutions (REPEALED) - §715. Dissolutions (REPEALED) SECTION HISTORY PL 1969, c. 411 (NEW)....

13 §716. Construction of law (REPEALED) - §716. Construction of law (REPEALED) SECTION HISTORY PL 1969, c....

Chapter 22-A: MAINE PROFESSIONAL SERVICE CORPORATION ACT

Subchapter 1: GENERAL PROVISIONS

13 §721. Short title - §721. Short title This chapter may be known and cited...

13 §722. Application of Maine Business Corporation Act - §722. Application of Maine Business Corporation Act The Maine Business...

13 §723. Definitions - §723. Definitions As used in this chapter, unless the context...

Subchapter 2: CREATION

13 §731. Election of professional corporation status - §731. Election of professional corporation status 1. Mandatory coverage. A...

13 §732. Purposes - §732. Purposes 1. Single profession. Except to the extent authorized...

13 §733. General powers - §733. General powers A professional corporation has the powers enumerated...

13 §734. Rendering professional services - §734. Rendering professional services 1. License required. A domestic professional...

13 §735. Prohibited activities - §735. Prohibited activities 1. Limited activities. A professional corporation may...

13 §736. Corporate name - §736. Corporate name 1. Words required. The name of a...

Subchapter 3: SHARES

13 §741. Issuance of shares - §741. Issuance of shares 1. Qualified shareholders. A professional corporation...

13 §742. Share transfer restriction - §742. Share transfer restriction 1. Limit to transfers. A shareholder...

13 §743. Compulsory acquisition of shares after death or disqualification of shareholder - §743. Compulsory acquisition of shares after death or disqualification of...

13 §744. Acquisition procedure - §744. Acquisition procedure 1. Written notice. In the absence of...

13 §745. Court action to appraise shares - §745. Court action to appraise shares 1. Demand for proceeding....

13 §746. Court costs and fees of experts - §746. Court costs and fees of experts 1. Assessment of...

13 §747. Cancellation of disqualified shares - §747. Cancellation of disqualified shares If the shares of a...

Subchapter 4: GOVERNANCE

13 §751. Directors and officers - §751. Directors and officers Not less than a majority of...

13 §752. Voting of shares - §752. Voting of shares 1. Right to vote. Except as...

13 §753. Responsibility for professional services - §753. Responsibility for professional services 1. Relationship between professional and...

Subchapter 5: REORGANIZATION AND TERMINATION

13 §761. Merger - §761. Merger 1. Merger allowed. A professional corporation may merge...

13 §762. Termination of professional activities - §762. Termination of professional activities If a professional corporation ceases...

13 §763. Judicial dissolution - §763. Judicial dissolution The Attorney General may commence a proceeding...

Subchapter 6: FOREIGN PROFESSIONAL CORPORATIONS

13 §771. Authority to transact business - §771. Authority to transact business 1. Prohibition. Except as provided...

13 §772. Application for authority to transact business - §772. Application for authority to transact business The application of...

Chapter 23: TAKEOVER BID DISCLOSURE LAW (REPEALED)

13 §801. Short title; legislative findings (REPEALED) - §801. Short title; legislative findings (REPEALED) SECTION HISTORY PL 1977,...

13 §802. Definitions (REPEALED) - §802. Definitions (REPEALED) SECTION HISTORY PL 1977, c. 669 (NEW)....

13 §803. Disclosure (REPEALED) - §803. Disclosure (REPEALED) SECTION HISTORY PL 1977, c. 669 (NEW)....

13 §804. Permission to proceed; hearings (REPEALED) - §804. Permission to proceed; hearings (REPEALED) SECTION HISTORY PL 1977,...

13 §805. Mailing to shareholders; payment of expenses (REPEALED) - §805. Mailing to shareholders; payment of expenses (REPEALED) SECTION HISTORY...

13 §806. Time for filing (REPEALED) - §806. Time for filing (REPEALED) SECTION HISTORY PL 1977, c....

13 §807. Investigations (REPEALED) - §807. Investigations (REPEALED) SECTION HISTORY PL 1977, c. 669 (NEW)....

13 §808. Prohibited acts (REPEALED) - §808. Prohibited acts (REPEALED) SECTION HISTORY PL 1977, c. 669...

13 §809. Limitation on tender offers (REPEALED) - §809. Limitation on tender offers (REPEALED) SECTION HISTORY PL 1977,...

13 §810. Voting of securities; restrictions (REPEALED) - §810. Voting of securities; restrictions (REPEALED) SECTION HISTORY PL 1977,...

13 §811. Promulgation of regulations (REPEALED) - §811. Promulgation of regulations (REPEALED) SECTION HISTORY PL 1977, c....

13 §812. Injunctions (REPEALED) - §812. Injunctions (REPEALED) SECTION HISTORY PL 1977, c. 669 (NEW)....

13 §813. Criminal penalties (REPEALED) - §813. Criminal penalties (REPEALED) SECTION HISTORY PL 1977, c. 669...

13 §814. Civil penalties (REPEALED) - §814. Civil penalties (REPEALED) SECTION HISTORY PL 1977, c. 669...

13 §815. Rights and remedies (REPEALED) - §815. Rights and remedies (REPEALED) SECTION HISTORY PL 1977, c....

13 §816. Appeals procedure; judicial review (REPEALED) - §816. Appeals procedure; judicial review (REPEALED) SECTION HISTORY PL 1977,...

13 §817. Application of law (REPEALED) - §817. Application of law (REPEALED) SECTION HISTORY PL 1977, c....

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Maine Revised Statutes TITLE 13: CORPORATIONS Part 1: CORPORATIONS GENERALLY

Maine Revised Statutes
TITLE 13: CORPORATIONS
Part 1: CORPORATIONS GENERALLY