Maine Statutes
§ 13 §2155 — Expulsion; payment for interest
Maine § 13 §2155
JurisdictionMaine
Title 13CORPORATIONS
Part 2CORPORATIONS WITHOUT CAPITAL
Ch. 87FISH MARKETING ASSOCIATIONS
This text of Maine § 13 §2155 (Expulsion; payment for 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 §2155 (2026).
Text
In case of the expulsion of a member, and when the bylaws do not provide a procedure or penalty, the board of directors shall equitably and conclusively appraise the member's property interest in the association and shall fix the amount of the member's property interest in money, which must be paid to the member within one year after the expulsion.
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Legislative History
RR 2025, c. 1, Pt. E, §26 (COR).
Nearby Sections
15
§ 13 §2101
Board of directors§ 13 §2102
-- meetings§ 13 §2103
-- vacancies§ 13 §2105
Compensation§ 13 §2106
Charges; petition§ 13 §2107
Notice; hearing§ 13 §2108
Vote; time; majority required§ 13 §2151
Qualifications§ 13 §2152
Certificate§ 13 §2153
Liability for debts§ 13 §2154
Meetings; place§ 13 §2155
Expulsion; payment for interest§ 13 §2191
Payment; common; ownership limitationsCite This Page — Counsel Stack
Bluebook (online)
Maine § 13 §2155, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/13%20%C2%A72155.