Maine § 13 §2062 -- qualifications; withdrawals; transfers; suspension; valuation of interest

Maine Statutes

§ 13 §2062 — -- qualifications; withdrawals; transfers; suspension; valuation of interest

Maine § 13 §2062

Title 13CORPORATIONS

Part 2CORPORATIONS WITHOUT CAPITAL

Ch. 87FISH MARKETING ASSOCIATIONS

This text of Maine § 13 §2062 (-- qualifications; withdrawals; transfers; suspension; valuation of interest) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 13, § 13 §2062 (2026).

Text

The bylaws may provide:

1.Membership. The number and qualification of members of the association and the conditions precedent to membership or ownership of common stock;

2.Withdrawal. The method, time and manner of permitting members to withdraw or the holders of common stock to transfer their stock;

3.Transfer of interest. The manner of assignment and transfer of the interest of members and of the shares of common stock;

4.Cessation of membership. The conditions upon which and time when membership of any member shall cease;

5.Suspension. For the automatic suspension of the rights of a member when the member ceases to be eligible for membership in the association; and the mode, manner and effect of the expulsion of a member; and

6.Valuation of interest. The manner of determining the

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The bylaws may provide:
1.
Membership.
The number and qualification of members of the association and the conditions precedent to membership or ownership of common stock;
2.
Withdrawal.
The method, time and manner of permitting members to withdraw or the holders of common stock to transfer their stock;
3.
Transfer of interest.
The manner of assignment and transfer of the interest of members and of the shares of common stock;
4.
Cessation of membership.
The conditions upon which and time when membership of any member shall cease;
5.
Suspension.
For the automatic suspension of the rights of a member when the member ceases to be eligible for membership in the association; and the mode, manner and effect of the expulsion of a member; and
6.
Valuation of interest.
The manner of determining the value of a member's interest and provision for its purchase by the association upon the death or withdrawal of a member or upon the expulsion of a member or forfeiture of a member's membership, or at the option of the association, the purchase at a price fixed by conclusive appraisal by the board of directors; and the conditions and terms for the repurchase by the corporation from its stockholders of their stock upon their disqualification as stockholders.