Maine Statutes
§ 5 §15307 — Prohibited interests of officers, directors and employees
Maine § 5 §15307
This text of Maine § 5 §15307 (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. 5, § 5 §15307 (2026).
Text
An officer, director or employee of the institute or a spouse or dependent child of any of those individuals may not receive any direct personal benefit from the activities of the institute in assisting any private entity. This section does not prohibit corporations or other entities with which an officer or director is associated by reason of ownership or employment from participating in science and technology activities with the institute if ownership or employment is made known to the board and the officer or director abstains from voting on matters relating to that participation. This prohibition does not extend to corporators who are not officers or directors of the institute.
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Legislative History
PL 1999, c. 401, §AAA3 (NEW).
Nearby Sections
15
§ 5 §153
Rules§ 5 §15301
Definitions§ 5 §15302
Maine Technology Institute§ 5 §15302-A
Confidentiality; freedom of access§ 5 §15303
Duties of institute§ 5 §15303-A
Maine Technology Capacity Fund§ 5 §15304
Powers of institute§ 5 §15305
Limitation of powers§ 5 §15308
General conditions; dissolution§ 5 §15309
Liberal construction§ 5 §1531
Definitions§ 5 §15311
Funding for research and developmentCite This Page — Counsel Stack
Bluebook (online)
Maine § 5 §15307, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/5%20%C2%A715307.