Maine § 13-C §801 Requirement; duties of board of directors

Maine Statutes

§ 13-C §801 — Requirement; duties of board of directors

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 8 DIRECTORS AND OFFICERS

1.Board of directors. Except as provided in section 743, a corporation must have a board of directors.

2.Corporate powers. All corporate powers must be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the corporation's board of directors, subject to any limitation set forth in an agreement authorized under section 743 or in the corporation's articles of incorporation.

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1.
Board of directors.
Except as provided in section 743, a corporation must have a board of directors.
2.
Corporate powers.
All corporate powers must be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the corporation's board of directors, subject to any limitation set forth in an agreement authorized under section 743 or in the corporation's articles of incorporation.

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