LD 1609
pg. 142
Page 141 of 146 PUBLIC Law Chapter 543 Page 143 of 146
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LR 1469
Item 1

 
Sec. D-3. 9-B MRSA §317-A, first ¶, as corrected by RR 2001, c. 2, Pt. B,
§9 and affected by §58, is amended to read:

 
Except as provided in this section, the powers and duties of
officers of a financial institution organized under this chapter
are governed by Title 13-C; Title 31, chapter 11 19; Title 31,
chapter 13; or Title 31, chapter 15, as appropriate, depending
upon the organizational form of the financial institution
operating under this chapter. The institution's organizational
documents must address the powers and duties of officers.

 
Sec. D-4. 9-B MRSA §352, sub-§5, as corrected by RR 2001, c. 2, Pt. B,
§12 and affected by §58, is amended to read:

 
5. Rights of dissenting investors. The rights of investors
dissenting to the merger or consolidation are those specified in
Title 13-C or Title 31, chapter 11, 13 or, 15 or 19, depending
upon the organizational form of the institution. To the extent
that dissenters' rights are not addressed in Title 31 or these
rights are less beneficial to the dissenting investors than those
rights listed in the institution's organizational documents, the
organizational documents govern.

 
Sec. D-5. 9-B MRSA §1222, sub-§1, as corrected by RR 2001, c. 2, Pt.
B, §20 and affected by §58, is amended to read:

 
1. Organization. A merchant bank must be organized pursuant
to chapter 31 and must be managed and governed pursuant to this
Title and the applicable provisions of Title 13-C and Title 31,
chapters 11, 13 and, 15 and 19, depending upon the organizational
form selected.

 
Sec. D-6. 10 MRSA §1521, sub-§2-A, as amended by PL 2003, c. 344, Pt.
A, §3, is further amended to read:

 
2-A. Limited partnership name. "Limited partnership name"
includes a limited partnership name, reserved name, or assumed
name under Title 31, section 1308 or reserved name or registered
name as those terms are used in Title 31, sections 403-A, 404-A,
405-A and 406-A respectively section 1309.

 
Sec. D-7. 10 MRSA §1522, sub-§1, ¶E, as amended by PL 1981, c. 684, §4,
is further amended to read:

 
E. Consists of a mark which that, when applied to the goods or
services of the applicant, is merely descriptive or deceptively
misdescriptive of them or, when applied to the goods or services
of the applicant, is primarily geographically descriptive or
deceptively misdescriptive of


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