Maine § 13-C §301 Corporate purposes

Maine Statutes

§ 13-C §301 — Corporate purposes

Maine § 13-C §301

Title 13-CMAINE BUSINESS CORPORATION ACT

Ch. 3PURPOSES AND POWERS

This text of Maine § 13-C §301 (Corporate purposes) 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 §301 (2026).

Text

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.