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143 chapters · 858 sections in this title.
10 M.R.S. § 945-E Adoption of bylaws
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The center shall adopt bylaws consistent with this chapter for the governance of its affairs and has the general powers accorded corporations under Title 13-C, section 302. The center shall take all actions necessary or convenient to carry out the lawful purposes of the center un…
10 M.R.S. § 945-F Limitation of powers
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The center may not enter into contracts, obligations or commitments of any kind on behalf of the State or any of its agencies, nor may it have the power of eminent domain or any other power not provided to business corporations generally. Bonds, notes and other evidences of indeb…
10 M.R.S. § 945-G Liability of officers, directors and employees
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All officers, directors, employees and other agents of the center entrusted with the custody of the securities of the center or authorized to disburse the funds of the center must be bonded, either by a blanket bond or by individual bonds, with a surety bond or bonds with a minim…
10 M.R.S. § 945-H Prohibited interests of officers, directors and employees
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Officers, directors or employees of the center or their spouses or dependent children may not receive any direct personal benefit from the activities of the center in assisting any private entity. This section does not prohibit corporations or other entities with which officers o…