9.__Continuation of business.__Unless otherwise agreed or as required under applicable law, the converting business entity may not be required to conclude its affairs or pay its liabilities and distribute its assets, and the conversion does not constitute a dissolution of the converting business entity.

§913.__Approval of conversion of corporation

A corporation may convert to another business entity upon the authorization of the conversion in accordance with this section and fulfillment of the requirements of section 912 and other applicable statutes governing conversion to another business entity.__The board of directors of the corporation shall adopt a written plan of conversion and shall submit the plan of conversion for approval of the shareholders in the manner provided for shareholder approval of a plan of merger under section 902 for a merger requiring shareholder approval.__After a plan of conversion is authorized and at any time before the certificate of conversion is filed with the Secretary of State, the planned conversion may be abandoned, subject to any contractual rights, without further shareholder action in accordance with the procedures set forth in the plan of conversion or, if none is set forth, in the manner determined by the board of directors.

Sec. 2. 13-A MRSA §1401, sub-§15, as amended by PL 1989, c. 501, Pt. L, §27, is further amended to read:

15. Articles of amendment, as provided by section 803, 805 or 810, $35 $60; and if the amendment increases the total authorized capital stock, the additional amount specified in section 1403, subsection 3, but not less than an additional $35; and if it changes the corporation's purposes, a further additional amount of $20;

Sec. 3. 13-A MRSA §1401, sub-§§26, 27 and 29, as amended by PL 1989, c. 501, Pt. L, §27, are further amended to read:

26. Articles of merger of a foreign corporation, as provided by section 1206, $35 $60;

27. An amendment to a foreign corporation's application for authority to do business in this State as provided by section 1207, $35 $60;