LD 1539
pg. 19
Page 18 of 101 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 20 of 101
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LR 1942
Item 1

 
2.__Funds; fees deposited.__All fees collected pursuant to
this section must be deposited in a fund for use by the Secretary
of State for the purpose of replacing and updating publications
offered in accordance with this Title and for funding new
publications.

 
Sec. B-41. 13-C MRSA §202, sub-§1, ¶¶B to D, as enacted by PL 2001, c.
640, Pt. A, §2 and affected by Pt. B, §7, are amended to read:

 
B. The number of shares the corporation is authorized to
issue and, if there are 2 or more classes of shares, the
number of shares and a description of the rights in each
class, as provided in section 601, subsection 1;

 
C. The street address and a mailing address, if different,
of the corporation's initial registered office and the name
of its initial clerk at that office. For the address, a
post office box alone is not sufficient to meet the
requirements of this paragraph; and

 
D. The name and address of each incorporator; and.

 
Sec. B-42. 13-C MRSA §202, sub-§1, ¶E, as enacted by PL 2001, c. 640,
Pt. A, §2 and affected by Pt. B, §7, is repealed.

 
Sec. B-43. 13-C MRSA §202, sub-§6 is enacted to read:

 
6.__Extrinsic facts.__Provisions of the articles of
incorporation may be made dependent upon facts objectively
ascertainable outside the articles of incorporation in accordance
with section 121, subsection 10.

 
Sec. B-44. 13-C MRSA §301, sub-§1, as enacted by PL 2001, c. 640, Pt.
A, §2 and affected by Pt. B, §7, is amended to read:

 
1. Purpose of engaging in lawful business. A corporation
incorporated under subject to this Act has the purpose of
engaging in any lawful business unless a more limited purpose is
set forth in the articles of incorporation.

 
Sec. B-45. 13-C MRSA §401, sub-§2, ¶¶A and C, as enacted by PL 2001, c.
640, Pt. A, §2 and affected by Pt. B, §7, are amended to read:

 
A. The name of a corporation, nonprofit corporation,
limited liability company, limited liability partnership or
limited partnership that is incorporated, organized or
authorized to transact business or carry on activities in
this State;


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