Maine § 20-A §6908 Prohibited interests of officers, directors and employees

Maine Statutes

§ 20-A §6908 — Prohibited interests of officers, directors and employees

Maine § 20-A §6908

Title 20-AEDUCATION

Part 3ELEMENTARY AND SECONDARY EDUCATION

Ch. 226JOBS FOR MAINE'S GRADUATES

This text of Maine § 20-A §6908 (Prohibited interests of officers, directors and employees) 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. 20-A, § 20-A §6908 (2026).

Text

Officers, directors or employees of the corporation or their spouses or dependent children may not receive any direct personal benefit from the activities of the corporation in assisting any private entity. This provision does not prohibit corporations or other entities with which an officer or director is associated by reasons of ownership or employment from participating in school-to-work transition activities of the corporation, provided that the ownership or employment is made known to the board of directors and, if applicable, the officer or director abstains from voting on matters relating to that participation.

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Officers, directors or employees of the corporation or their spouses or dependent children may not receive any direct personal benefit from the activities of the corporation in assisting any private entity. This provision does not prohibit corporations or other entities with which an officer or director is associated by reasons of ownership or employment from participating in school-to-work transition activities of the corporation, provided that the ownership or employment is made known to the board of directors and, if applicable, the officer or director abstains from voting on matters relating to that participation.