LD 1539
pg. 45
Page 44 of 104 PUBLIC Law Chapter 344 Page 46 of 104
Download Chapter Text
LR 1942
Item 1

 
Sec. B-91. 13-C MRSA §955, sub-§3, as enacted by PL 2001, c. 640, Pt.
A, §2 and affected by Pt. B, §7 and affected by RR 2001, c. 2,
Pt. A, §23, is amended to read:

 
3. Conversion by law of foreign jurisdiction. After the
conversion of a foreign unincorporated entity to a domestic
business corporation is authorized as required by the laws of the
foreign jurisdiction, articles of entity conversion must be
executed on behalf of the foreign unincorporated entity by an
officer or other duly authorized representative of the
corporation unincorporated entity. The articles must:

 
A. Set forth the name of the unincorporated entity
immediately before the filing of the articles of entity
conversion and the name to which the name of the
unincorporated entity is to be changed, which must be a name
that satisfies the requirements of section 401;

 
B. Set forth the jurisdiction under the laws of which the
unincorporated entity was organized immediately before the
filing of the articles of entity conversion and the date on
which the unincorporated entity was organized in that
jurisdiction;

 
C. Set forth a statement that the conversion of the
unincorporated entity was duly approved in the manner
required by its organic law; and

 
D. Either contain all the provisions that section 202,
subsection 1 requires to be set forth in articles of
incorporation with any other desired provisions that section
202, subsection 2 permits to be included in articles of
incorporation or have attached articles of incorporation;
except that, in either case, provisions that would not be
required by chapter 10 to be included in restated articles
of incorporation of a domestic business corporation may be
omitted.

 
Sec. B-92. 13-C MRSA §1003, sub-§§5 and 6, as enacted by PL 2001, c.
640, Pt. A, §2 and affected by Pt. B, §7, are amended to read:

 
5. Approval by majority. Unless the articles of
incorporation or the board of directors, acting pursuant to
subsection 3, requires a greater vote, approval of the amendment
requires the approval of the shareholders by a majority of all
the votes entitled to be cast on the amendment by the
shareholders. If and, if any class or series is entitled to vote
as a separate voting group on the amendment, except as provided
in section 1004, subsection 3, the amendment requires the


Page 44 of 104 Top of Page Page 46 of 104
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer