Maine Statutes
§ 13 §1758 — Dissolution
By vote of at least 80% of its members or any larger percentage specified in the articles of incorporation or bylaws, a cooperative affordable housing corporation may vote to dissolve and terminate its proprietary leases. In addition, a cooperative affordable housing corporation must file articles of dissolution and pay the fee for dissolution as required for business corporations under Title 13‑C.
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Legislative History
PL 1993, c. 300, §1 (NEW). PL 2007, c. 231, §4 (AMD).
Nearby Sections
15
§ 13 §171
Formation of trusts forbidden§ 13 §173
Penalties§ 13 §1731
Procedure§ 13 §1741
Short title§ 13 §1742
Definitions§ 13 §1743
Application§ 13 §1744
Name; use of "cooperative"§ 13 §1748
Organizational meeting§ 13 §1749
Membership§ 13 §1750
Bylaws; minimum requirements§ 13 §1751
Membership shares; requirements