| | This section does not limit the power of a domestic | corporation to acquire shares of another corporation or eligible | interests in an other eligible entity in a transaction other than | a share exchange. |
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| | Sec. B-93. 13-C MRSA §1104, sub-§4, as enacted by PL 2001, c. 640, Pt. | A, §2 and affected by Pt. B, §7, is amended to read: |
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| | 4. Notice of meeting. If the plan of merger or share | exchange under this chapter is required by the corporation's | articles of incorporation to be approved by the shareholders and | if the approval is to be given at a meeting of shareholders, the | corporation shall notify each shareholder, whether or not | entitled to vote, of the meeting of shareholders at which the | plan is to be submitted for approval. The notice must state that | the purpose or one of the purposes of the meeting is to consider | the plan and must contain or be accompanied by a copy or summary | of the plan. If the corporation is to be merged into an existing | corporation or other eligible entity, the notice also must | include or be accompanied by a copy or summary of the articles of | incorporation or organizational documents of that corporation or | other eligible entity. If the corporation is to be merged into a | corporation or other eligible entity that is to be created | pursuant to the merger, the notice also must include or be | accompanied by a copy or a summary of the articles of | incorporation or organizational documents of the new corporation | or other eligible entity; |
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| | Sec. B-94. 13-C MRSA §1104, sub-§6, ķA, as enacted by PL 2001, c. 640, | Pt. A, §2 and affected by Pt. B, §7, is amended to read: |
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| A. On a plan of merger by each class or series of shares | that: |
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| (1) Are to be converted under the plan of merger into | shares or other securities, eligible interests, | obligations, rights to acquire shares or, other | securities or eligible interests, cash or other | property or any combination thereof; or |
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| (2) Would be entitled to vote as a separate group on a | provision in the plan that, if contained in a proposed | amendment to articles of incorporation, would require | action by separate voting groups under section 1004; |
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| | Sec. B-95. 13-C MRSA §1104, sub-§10, as enacted by PL 2001, c. 640, | Pt. A, §2 and affected by Pt. B, §7, is amended to read: |
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