Maine § 13-C §303 Emergency powers

Maine Statutes

§ 13-C §303 — Emergency powers

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

1.Emergency defined. For the purposes of this section, an emergency exists if a quorum of the corporation's directors can not readily be assembled because of some catastrophic event.

2.Authorized powers in event of emergency. In anticipation of or during an emergency, the board of directors of a corporation may:

3.Notice of meeting; quorum. During an emergency, unless emergency bylaws pursuant to chapter 2 provide otherwise:

4.Effect of corporate action taken during emergency. Corporate action taken in good faith during an emergency under this section to further the ordinary business affairs of the corporation:

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1.
Emergency defined.
For the purposes of this section, an emergency exists if a quorum of the corporation's directors can not readily be assembled because of some catastrophic event.
2.
Authorized powers in event of emergency.
In anticipation of or during an emergency, the board of directors of a corporation may:
3.
Notice of meeting; quorum.
During an emergency, unless emergency bylaws pursuant to chapter 2 provide otherwise:
4.
Effect of corporate action taken during emergency.
Corporate action taken in good faith during an emergency under this section to further the ordinary business affairs of the corporation:

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