| | Sec. B-61. 13-C MRSA §727, sub-§1, as enacted by PL 2001, c. 640, Pt. | A, §2 and affected by Pt. B, §7, is amended to read: |
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| | 1. Quorum. Shares entitled to vote as a separate voting | group may take action on a matter at a meeting only if a quorum | of those shares exists with respect to that matter. Unless the | corporation's articles of incorporation or this Act provides | otherwise for a greater or lesser quorum, a majority of the votes | entitled to be cast on the matter by the voting group constitutes | a quorum of that voting group for action on that matter. A | quorum may not consist of less than 1/3 of the shares of a voting | group entitled to vote on a matter. |
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| | Sec. B-62. 13-C MRSA §731, sub-§3, as enacted by PL 2001, c. 640, Pt. | A, §2 and affected by Pt. B, §7, is amended to read: |
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| | 3. Clerk; officer; employee. An inspector may be the clerk | or an officer or employee of the corporation. |
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| | Sec. B-63. 13-C MRSA §743, 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. Requirements for shareholder agreement. An agreement | authorized by this section must comply with each of the following | paragraphs. |
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| A. The agreement must be set forth: |
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| (1) In the articles of incorporation or bylaws and | approved by all persons who are shareholders at the | time of the agreement; or |
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| (2) In a written agreement that is signed by all | persons who are shareholders at the time of the | agreement and is made known to the corporation. |
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| B. The agreement must be subject to amendment only by all | persons who are shareholders at the time of the amendment, | unless the agreement provides otherwise or unless the | amendment is governed by subsection 8. |
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| C. The agreement must be valid for an unlimited term, | unless the agreement provides otherwise. |
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| An agreement authorized by this section is valid for an unlimited | term unless the agreement provides otherwise. |
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| | Sec. B-64. 13-C MRSA §808, 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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