Maine § 5 §194-K Penalties

Maine Statutes

§ 5 §194-K — Penalties

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 1 STATE DEPARTMENTS·Ch. 9 ATTORNEY GENERAL

1.Attorney General to bring action. The Attorney General may initiate an action in Superior Court to:

2.Transaction voidable. The Superior Court may void a conversion transaction entered into in violation of applicable provisions of sections 194‑C to 194‑H. If the court voids the transaction, it may also grant any orders necessary to restore the public charity to its former position, including removing the board of the public charity or voiding contracts.

3.Penalties against individuals. An individual officer, director, trustee or manager in a position to exercise substantial influence over the affairs of a public charity is subject to a civil penalty if that person, in violation of the standards established under Title 13‑B for conduct by directors or officers or for avoiding conflicts

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1.
Attorney General to bring action.
The Attorney General may initiate an action in Superior Court to:
2.
Transaction voidable.
The Superior Court may void a conversion transaction entered into in violation of applicable provisions of sections 194‑C to 194‑H. If the court voids the transaction, it may also grant any orders necessary to restore the public charity to its former position, including removing the board of the public charity or voiding contracts.
3.
Penalties against individuals.
An individual officer, director, trustee or manager in a position to exercise substantial influence over the affairs of a public charity is subject to a civil penalty if that person, in violation of the standards established under Title 13‑B for conduct by directors or officers or for avoiding conflicts of interest:

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