Maine § 13-C §1341 Other remedies limited

Maine Statutes

§ 13-C §1341 — Other remedies limited

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 13 APPRAISAL RIGHTS

1.Limitation on proposed or completed corporate actions. The legality of a proposed or completed corporate action described in section 1302 may not be contested nor may the corporate action be enjoined, set aside or rescinded in a legal or equitable proceeding by a shareholder after the shareholders have approved the corporate action.

2.Exceptions. Subsection 1 does not apply to a corporate action that:

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1.
Limitation on proposed or completed corporate actions.
The legality of a proposed or completed corporate action described in section 1302 may not be contested nor may the corporate action be enjoined, set aside or rescinded in a legal or equitable proceeding by a shareholder after the shareholders have approved the corporate action.
2.
Exceptions.

Subsection 1 does not apply to a corporate action that:

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