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19 chapters · 252 sections in this title.
13-C M.R.S. § 1101 Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 1. Eligible entity. "Eligible entity" means a domestic or foreign unincorporated entity or a dom…
13-C M.R.S. § 1102 Merger
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1. General authority of domestic corporations. One or more domestic business corporations may merge with one or more domestic or foreign business corporations or eligible entities pursuant to a plan of merger under this section. 2. Merger with foreign entities. A foreign business…
13-C M.R.S. § 1103 Share exchange
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1. Share exchange. Through a share exchange: A. A domestic corporation may acquire all of the shares of one or more classes or series of shares of another domestic or foreign business corporation, or all of the eligible interests of one or more classes or series of eligible inter…
13-C M.R.S. § 1104 Action on plan of merger or share exchange
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In the case of a domestic corporation that is a party to a merger or share exchange under this chapter: [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 1. Plan adopted by board of directors. The plan of merger or share exchange must be adopted by the corpora…