Maine § 13 §735 Prohibited activities

Maine Statutes

§ 13 §735 — Prohibited activities

Maine § 13 §735

Title 13CORPORATIONS

Part 1CORPORATIONS GENERALLY

Ch. 22-AMAINE PROFESSIONAL SERVICE CORPORATION ACT

This text of Maine § 13 §735 (Prohibited activities) 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 §735 (2026).

Text

1.Limited activities. A professional corporation may not render any professional service or engage in any business or service other than the professional service and business authorized by its articles of incorporation and services or businesses reasonably related thereto.

2.Investments. Nothing in subsection 1 prohibits a professional corporation from investing its funds in real estate, mortgages, securities or any other type of investment.

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1.
Limited activities.
A professional corporation may not render any professional service or engage in any business or service other than the professional service and business authorized by its articles of incorporation and services or businesses reasonably related thereto.
2.
Investments.
Nothing in subsection 1 prohibits a professional corporation from investing its funds in real estate, mortgages, securities or any other type of investment.