| K. To enter into contracts of guaranty or suretyship, | unless in doing so the corporation would be engaging in an | activity prohibited to business corporations organized under | Title 13-A, section 401 13-C; |
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| L. To lend money, invest its funds from time to time, and | take and hold any property, including, but not limited to, | real property, as security for payment of funds so loaned or | invested, unless in doing so the corporation would be | engaging in a business prohibited to business corporations | organized under Title 13-A, section 401 13-C; |
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| | Sec. D-12. 13-C MRSA §603, sub-§2, as enacted by PL 2001, c. 640, Pt. | A, §2 and affected by Pt. B, §7, is amended to read: |
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| | 2. Limitations on reacquisition, redemption or conversion. | The reacquisition, redemption or conversion of outstanding shares | is subject to the limitations of subsection 3 and to section 6.40 | 651. |
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| | Sec. D-13. 24-A MRSA §3486, sub-§6, as enacted by PL 1977, c. 377, is | amended to read: |
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| | 6. A dissenting shareholder shall file, within 20 days after | the delivery to him that shareholder of either a copy of the plan | or a summary thereof of the plan pursuant to subsection 4, a | written notice of his the shareholder's election to dissent from | the plan and a demand for payment of the fair value of his the | shareholder's shares. Such The notice and demand shall must be | filed with the company which that adopted the plan by personally | delivering it, or by mailing it via certified or registered mail, | to such the company at its registered office within this State or | to its principal place of business or to the address given to the | Secretary of State pursuant to Title 13-A, section 906, | subsection 4, paragraph B as shown on its most recent annual | report or, in the case of a foreign corporation that has not yet | delivered an annual report, in its application for a certificate | of authority pursuant to Title 13-C, section 130. |
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| | Sec. D-14. 24-A MRSA §3486, sub-§10, as enacted by PL 1977, c. 377, is | amended to read: |
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| | 10. If, within the additional 20-day period prescribed by | subsection 9, one or more dissenting shareholders and the company | have failed to agree as to the fair value of the shares, then | Title 13-A, section 909, subsections 9, 11, 12 and 13, shall be | applicable 13-C, chapter 13, subchapter 3 applies, except that: |
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