B. Filing proper notification of change of registered agent or registered office, or both; or

C. Correcting a misrepresentation; or.

Sec. 22. 31 MRSA §608, sub-§3, ¶D, as enacted by PL 1993, c. 718, Pt. A, §1, is repealed.

Sec. 23. 31 MRSA §647, as enacted by PL 1993, c. 718, Pt. A, §1, is repealed.

Sec. 24. 31 MRSA §695 is enacted to read:

§695.__Rights of former member

1.__No payment for interest.__Unless the operating agreement or articles of organization provide otherwise, if the limited liability company is not dissolved after a person ceases to be a member under section 692, the person has no right to any payment from the limited liability company for that person's interest in the limited liability company.

2.__Payment for interest.__Unless the operating agreement or articles of organization provide otherwise, if the limited liability company is not dissolved after a person ceases to be a member under section 692, and if the limited liability company elects to pay to that person or that person's successor in interest for that person's interest in the limited liability company in complete liquidation of the interest.

A.__The price must be the fair value of that person's interest in the limited liability company as of the date the person ceased to be a member, based upon the person's right to share in distributions from the limited liability company.

B.__The amount must be paid within a reasonable time after the person has ceased to be a member.

Sec. 25. 31 MRSA §741, as enacted by PL 1993, c. 718, Pt. A, §1, is repealed.

Sec. 26. 31 MRSA §741-A is enacted to read:

§741-A. Merger or consolidation

1.__Definitions.__"Other business entity" or "other business entities" for purposes of this section means any domestic or