Maine Statutes
§ 23 §5183 — Original corporation continues, to close business, and for actions
Maine § 23 §5183
This text of Maine § 23 §5183 (Original corporation continues, to close business, and for actions) 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. 23, § 23 §5183 (2026).
Text
The original corporation shall exist, after the foreclosure of the mortgage, for the sole purpose of closing its unsettled business and the right of action against it or its stockholders is not impaired. In actions founded on any of the bonds or coupons secured by the mortgage, the proportional actual value of the property taken under the mortgage shall be deducted.
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Legislative History
PL 1987, c. 141, §A4 (NEW).
Nearby Sections
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Intersecting roads§ 23 §5143
Equal facilities to all expresses§ 23 §5144
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Bluebook (online)
Maine § 23 §5183, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/23%20%C2%A75183.