Maine § 13 §752 Voting of shares

Maine Statutes

§ 13 §752 — Voting of shares

Maine § 13 §752

Title 13CORPORATIONS

Part 1CORPORATIONS GENERALLY

Ch. 22-AMAINE PROFESSIONAL SERVICE CORPORATION ACT

This text of Maine § 13 §752 (Voting of shares) 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 §752 (2026).

Text

1.Right to vote. Except as otherwise provided in this section, only a qualified person may vote the shares of a professional corporation.

2.Proxies. Only a qualified person may be appointed a proxy to vote shares of a professional corporation.

3.Voting trusts. A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons; except that, if a beneficiary who is a qualified person dies or becomes a disqualified person, a voting trust valid under this subsection continues to be valid for 10 months after the date of death or for 5 months after the disqualification occurred.

4.Limited voting right. Any shares transferred to a disqualified person by reason of the death of a qualified person or by operation of

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1.
Right to vote.
Except as otherwise provided in this section, only a qualified person may vote the shares of a professional corporation.
2.
Proxies.
Only a qualified person may be appointed a proxy to vote shares of a professional corporation.
3.
Voting trusts.
A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons; except that, if a beneficiary who is a qualified person dies or becomes a disqualified person, a voting trust valid under this subsection continues to be valid for 10 months after the date of death or for 5 months after the disqualification occurred.
4.
Limited voting right.
Any shares transferred to a disqualified person by reason of the death of a qualified person or by operation of law may be voted by such disqualified person only for the purposes of amending the articles of incorporation to convert to a regular business corporation or dissolving the professional corporation.