Maine § 13-C §753 Demand

Maine Statutes

§ 13-C §753 — Demand

Maine § 13-C §753

Title 13-CMAINE BUSINESS CORPORATION ACT

Ch. 7SHAREHOLDERS

This text of Maine § 13-C §753 (Demand) 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 §753 (2026).

Text

A shareholder may not commence a derivative proceeding until:

1.Written demand. A written demand has been made upon the corporation to take suitable action; and

2.Expiration of 90 days. Ninety days have expired from the date delivery of the demand was made, unless the shareholder has earlier been notified that the demand has been rejected by the corporation or unless irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.

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A shareholder may not commence a derivative proceeding until:
1.
Written demand.
A written demand has been made upon the corporation to take suitable action; and
2.
Expiration of 90 days.
Ninety days have expired from the date delivery of the demand was made, unless the shareholder has earlier been notified that the demand has been rejected by the corporation or unless irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.