Maine § 13-C §1825 Right of action

Maine Statutes

§ 13-C §1825 — Right of action

Maine § 13-C §1825

Title 13-CMAINE BUSINESS CORPORATION ACT

Ch. 18BENEFIT CORPORATIONS

This text of Maine § 13-C §1825 (Right of action) 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 §1825 (2026).

Text

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.