Maine § 13-C §1825 Right of action

Maine Statutes

§ 13-C §1825 — Right of action

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 18 BENEFIT CORPORATIONS

1.General rule. Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a benefit corporation or its directors or officers with respect to:

2.Limitation on liability of corporation. A benefit corporation is not liable for monetary damages under this chapter for any failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.

3.Standing. A benefit enforcement proceeding may be commenced or maintained only:

4.Beneficial ownership. For purposes of this section, a person is the beneficial owner of shares or equity interests if the shares or equity interests are held in a voting trust or by a nominee on behalf of the beneficial owner.

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1.
General rule.
Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a benefit corporation or its directors or officers with respect to:
2.
Limitation on liability of corporation.
A benefit corporation is not liable for monetary damages under this chapter for any failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.
3.
Standing.
A benefit enforcement proceeding may be commenced or maintained only:
4.
Beneficial ownership.
For purposes of this section, a person is the beneficial owner of shares or equity interests if the shares or equity interests are held in a voting trust or by a nominee on behalf of the beneficial owner.

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