Maine Revised Statutes Title 13-C Sec. 1403 – Dissolution by written consent of all shareholders
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Terms Used In Maine Revised Statutes Title 13-C Sec. 1403
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A proposal to dissolve may be approved by written consent of shareholders entitled to vote as provided in section 704. If the dissolution is approved by written consent of all shareholders, whether or not entitled to vote, a resolution of the corporation‘s board of directors proposing the dissolution is not necessary. [PL 2003, c. 344, Pt. B, §111 (AMD).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §B111 (AMD).