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·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 11 MERGERS AND SHARE EXCHANGES

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.

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