Maine Statutes
§ 35-A §903 — Stocks sold at less than par value
Maine § 35-A §903
JurisdictionMaine
Title 35-APUBLIC UTILITIES
Part 1PUBLIC UTILITIES COMMISSION
Ch. 9APPROVAL OF STOCKS, BONDS AND NOTES BY PUBLIC UTILITIES COMMISSION
This text of Maine § 35-A §903 (Stocks sold at less than par value) 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. 35-A, § 35-A §903 (2026).
Text
Every order authorizing the issue of stock shall, if it authorizes sale at less than par value, specify a minimum price at which the shares are to be sold. Any shares of stock, issued in accordance with such an order, shall be fully paid stock and not liable to any further call or payment, even though it may have been authorized for sale at less than its par value.
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Legislative History
PL 1987, c. 141, §A6 (NEW).
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Utility depositsCite This Page — Counsel Stack
Bluebook (online)
Maine § 35-A §903, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/35-A%20%C2%A7903.