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13 chapters · 125 sections in this title.
13-B M.R.S. § 201 Purposes
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1. Corporations organized. Except as provided in subsections 2 and 3, all nonprofit corporations shall be organized under this Act and may be organized for any lawful purpose or purposes, including without being limited to any of the following purposes: A. Charitable, benevolent,…
13-B M.R.S. § 202 General powers
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1. Powers. Subject to any limitations contained in this Act or in any other law, each corporation shall have power: A. To exist perpetually. No corporation formed under this Act may specify a lesser period of existence, but this shall not limit the power of a corporation to termi…
13-B M.R.S. § 203 Defense of ultra vires
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1. Beyond legal powers. No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such conveyance or tran…