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

Maine Statutes

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

Maine § 13-C §801

Title 13-CMAINE BUSINESS CORPORATION ACT

Ch. 8DIRECTORS AND OFFICERS

This text of Maine § 13-C §801 (Requirement; duties of board of directors) 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 §801 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.