Maine § 13-C §206 Bylaws

Maine Statutes

§ 13-C §206 — Bylaws

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 2 INCORPORATION

1.Adoption of bylaws. The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.

2.Contents of bylaws. The bylaws of a corporation may contain any provision that is not inconsistent with law or its articles of incorporation.

3.Provisions for solicitation of proxies or consents. The bylaws may contain one or both of the following provisions:

4.Reasonable, practicable and orderly process. Notwithstanding section 1020, subsection 2, paragraph B, the shareholders in amending, repealing or adopting a bylaw described in subsection 3 may not limit the authority of the board of directors to amend or repeal any condition or procedure set forth in or to add any procedure or condition to such a bylaw in order to provide for a reasonable, practicable a

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1.
Adoption of bylaws.
The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.
2.
Contents of bylaws.
The bylaws of a corporation may contain any provision that is not inconsistent with law or its articles of incorporation.
3.
Provisions for solicitation of proxies or consents.
The bylaws may contain one or both of the following provisions:
4.
Reasonable, practicable and orderly process.
Notwithstanding section 1020, subsection 2, paragraph B, the shareholders in amending, repealing or adopting a bylaw described in subsection 3 may not limit the authority of the board of directors to amend or repeal any condition or procedure set forth in or to add any procedure or condition to such a bylaw in order to provide for a reasonable, practicable and orderly process.

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