Maine § 13-C §301 Corporate purposes

Maine Statutes

§ 13-C §301 — Corporate purposes

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 3 PURPOSES AND POWERS

1.Purpose of engaging in lawful business. A corporation subject to this Act has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.

2.Subject to other regulation by this State. A corporation engaging in a business that is subject to regulation under another statute of this State may incorporate under this Act only if permitted by, and subject to all limitations of, the other statute.

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1.
Purpose of engaging in lawful business.
A corporation subject to this Act has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.
2.
Subject to other regulation by this State.
A corporation engaging in a business that is subject to regulation under another statute of this State may incorporate under this Act only if permitted by, and subject to all limitations of, the other statute.

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