| L.__An action by a shareholder in the right of the company | is not abated or barred by the fact that the shareholder has | filed a demand for payment of the fair value of shares | pursuant to this subsection. |
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| | Sec. 18. 24-A MRSA §3486, sub-§§11, 12 and 14, as enacted by PL 1977, c. | 377, are amended to read: |
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| | 11. If no action to determine the fair value of the shares of | the dissenting shareholder is commenced within the time specified | in Title 13-A, section 909, subsection 9, subsection 10-A, | paragraph C, then the dissenting shareholder shall receive the | consideration which that was specified as payment in exchange for | his that shareholder's shares pursuant to the plan. Such The | consideration shall must be paid by the company within 60 days | after the time within which an action can be commenced as | specified in Title 13-A, section 909, subsection 9, subsection | 10-A, paragraph C. Upon payment of such the consideration, the | dissenting shareholder shall cease ceases to have any an interest | in such the shares. |
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| | 12. If the court determines pursuant to Title 13-A, section | 909, subsection 9 subsection 10-A, paragraph E that a shareholder | is not entitled to receive payment of the fair value of his that | shareholder's shares because of his that shareholder's failure to | satisfy the requirements of Title 13-A, section 909 and of this | section, then the shareholder shall must receive the | consideration which that was specified as payment in exchange for | his that shareholder's shares pursuant to the plan. Such The | payment shall may not include the allowance for interest | specified in Title 13-A, section 909, subsection 9 subsection 10- | A, paragraph G. |
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| | 14. The provisions of Title 13-A, section 525, regarding | unclaimed dividends and other distributions to shareholders shall | apply Title 33, chapter 41 applies to any unclaimed payment to | which a shareholder may be entitled under this section. |
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| | Sec. 19. 31 MRSA §282, sub-§5-A, as enacted by PL 1995, c. 633, Pt. A, | §1, is amended to read: |
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| | 5-A. Professional limited liability partnership. | "Professional limited liability partnership" means a registered | limited liability partnership that, by virtue of the business | conducted by it, would be subject to the required to incorporate | under the Maine Professional Service Corporation Act if that | partnership were a corporation. |
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| | Sec. 20. 31 MRSA §418, as enacted by PL 1999, c. 638, §13, is | amended to read: |
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