Maine Statutes

§ 13-C §1322-A — Notice of intent to demand payment

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 13 APPRAISAL RIGHTS
1.Preservation of appraisal rights if action taken at a meeting. If a proposed corporate action requiring appraisal rights under sections 1302 to 1304 is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:
2.Preservation of appraisal rights if action taken by consent. If a corporate action specified in section 1302 is to be approved by less than unanimous written consent, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares may not sign a consent in favor of the proposed action with respect to that class or series of shares.
3.Effect of failure to preserve. A shareholder who fails to satisfy the requirements of subsection 1 or 2 is not entitled to p

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Legislative History

PL 2007, c. 289, §35 (NEW). PL 2011, c. 274, §68 (AMD).

Nearby Sections

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