Maine Statutes

§ 13-C §726 — Shares held by minor

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 7 SHAREHOLDERS
If the record owner of shares is a minor and the shares are voted under this subchapter by the minor, a guardian or other legal representative of the minor or a natural or adoptive parent of the minor, the minor may not thereafter disaffirm or avoid that vote.

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Legislative History

PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).

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