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| 5. Extrinsic facts. The provisions Terms of the a plan of share | exchange referred to in subsection 4, paragraphs B and C may be | made dependent on facts objectively ascertainable outside the plan | of share exchange, as long as those facts are objectively | ascertainable. For purposes of this subsection, "facts" includes, | but is not limited to, the occurrence of any event, including a | determination or action by any person or body, including the | corporation. in accordance with section 121, subsection 10. |
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| | 6. Amend plan prior to filing articles of share exchange. | The plan of share exchange also may include a provision that the | plan may be amended prior to filing the articles of share | exchange with the Secretary of State under section 1106, | subsection 2. If the shareholders of a domestic corporation that | is a party to the share exchange are required or permitted to | vote on the plan, the plan must provide that subsequent to | approval of the plan by the shareholders the plan may not be | amended to: |
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| A. Change the amount or kind of shares or other securities, | eligible interests, obligations, rights to acquire shares | or, other securities, or eligible interests, cash or other | property to be issued by the corporation or to be received | under the plan by the shareholders of or owners holders of | eligible interests in any party to the share exchange; or |
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| B. Change any of the terms or conditions of the plan if the | change would adversely affect the shareholders in any | material respect. |
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| | This section does not limit the power of a domestic | corporation to acquire shares of another corporation or eligible | interests in an other eligible entity in a transaction other than | a share exchange. |
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| | Sec. B-98. 13-C MRSA §1104, sub-§4, as enacted by PL 2001, c. 640, Pt. | A, §2 and affected by Pt. B, §7, is amended to read: |
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| | 4. Notice of meeting. If the plan of merger or share | exchange under this chapter is required by the corporation's | articles of incorporation to be approved by the shareholders and | if the approval is to be given at a meeting of shareholders, the | corporation shall notify each shareholder, whether or not | entitled to vote, of the meeting of shareholders at which the | plan is to be submitted for approval. The notice must state that | the purpose or one of the purposes of the meeting is to consider | the plan and must contain or be accompanied by a copy or summary | of the plan. If the corporation is to be merged into an existing |
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