Maine § 13-B §704-A Removal of directors by judicial proceeding

Maine Statutes

§ 13-B §704-A — Removal of directors by judicial proceeding

Maine·Title 13-B MAINE NONPROFIT CORPORATION ACT·Ch. 7 DIRECTORS AND OFFICERS

1.Removal. The Superior Court may remove any director of a corporation from office if the court finds that removal is in the best interest of the corporation and that:

2.Who may bring action. A petition for removal under subsection 1 may be filed by:

3.Place of filing. The petition for removal under subsection 2 must be filed:

4.Court action. The court that removes a director under this section may bar the director from serving on the board of directors for a period prescribed by the court.

5.Notice to Attorney General; Attorney General actions. If the members of a corporation or the Attorney General commences a proceeding under this section, the corporation is made a party defendant. If a public benefit corporation or its members commence a proceeding under subsection 1, the public b

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1.
Removal.
The Superior Court may remove any director of a corporation from office if the court finds that removal is in the best interest of the corporation and that:
2.
Who may bring action.
A petition for removal under subsection 1 may be filed by:
3.
Place of filing.
The petition for removal under subsection 2 must be filed:
4.
Court action.
The court that removes a director under this section may bar the director from serving on the board of directors for a period prescribed by the court.
5.
Notice to Attorney General; Attorney General actions.
If the members of a corporation or the Attorney General commences a proceeding under this section, the corporation is made a party defendant. If a public benefit corporation or its members commence a proceeding under subsection 1, the public benefit corporation shall give the Attorney General written notice of the proceeding.

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