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19 chapters · 252 sections in this title.
13-C M.R.S. § 1201 Disposition of assets not requiring shareholder approval
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Approval of the shareholders of a corporation is not required, unless the articles of incorporation otherwise provide, to: [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 1. Usual and regular course of business. Sell, lease, exchange or otherwise dispose of …
13-C M.R.S. § 1202 Shareholder approval of certain dispositions
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1. No significant continuing business activity. A sale, lease, exchange or other disposition of assets, other than a disposition described in section 1201, requires approval of the corporation's shareholders if the disposition would leave the corporation without a significant con…