Maine § 13-C §1109 Required vote of shareholders in certain business combinations

Maine Statutes

§ 13-C §1109 — Required vote of shareholders in certain business combinations

Maine § 13-C §1109

Title 13-CMAINE BUSINESS CORPORATION ACT

Ch. 11MERGERS AND SHARE EXCHANGES

This text of Maine § 13-C §1109 (Required vote of shareholders in certain business combinations) 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-C, § 13-C §1109 (2026).

Text

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Business combination. Notwithstanding anything to the contrary in this Act, except subsection 3, a domestic corporation may not engage in any business combination for a period of 5 years following an interested shareholder's share acquisition date unless that business combination is:

3.Exemptions. This section does not apply to business combinations as provided in this subsection. The requirements of this section are in addition to the requirements of applicable law, including this Act, and any additional requirements contained in the articles of incorporation or bylaws of a domestic corporation with respect to business combinations as defined in this sectio

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1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Business combination.
Notwithstanding anything to the contrary in this Act, except subsection 3, a domestic corporation may not engage in any business combination for a period of 5 years following an interested shareholder's share acquisition date unless that business combination is:
3.
Exemptions.
This section does not apply to business combinations as provided in this subsection.
The requirements of this section are in addition to the requirements of applicable law, including this Act, and any additional requirements contained in the articles of incorporation or bylaws of a domestic corporation with respect to business combinations as defined in this section.