| | | (4) The adoption of any plan or proposal for the | | liquidation or dissolution of that domestic corporation | | proposed by, on behalf of or pursuant to any agreement, | | arrangement or understanding, whether or not in | | writing, with that interested shareholder or any | | affiliate or associate of that interested shareholder; |
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| | | (5) Any reclassification of securities, including, | | without limitation, any share split, share dividend or | | other distribution of shares, or any reverse share | | split, or recapitalization of that domestic | | corporation, or any merger or consolidation of that | | domestic corporation, with any subsidiary of that | | domestic corporation, or any other transaction, whether | | or not with, or into, or otherwise involving that | | interested shareholder, proposed by, on behalf of or | | pursuant to any agreement, arrangement or | | understanding, whether or not in writing, with that | | interested shareholder or any affiliate or associate of | | that interested shareholder, any of which has the | | effect, directly or indirectly, of increasing the | | proportionate share of the outstanding shares of any | | class or series of voting shares or securities | | convertible into voting shares of that domestic | | corporation or any subsidiary of that domestic | | corporation that is directly or indirectly owned by | | that interested shareholder or any affiliate or | | associate of that interested shareholder, except as a | | result of immaterial changes due to fractional share | | adjustments; or |
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| | | (6) Any receipt by that interested shareholder or any | | affiliate or associate of that interested shareholder | | of the benefit, directly or indirectly, except | | proportionately as a shareholder of the domestic | | corporation, of any loans, advances, guarantees, | | pledges or other financial assistance or any tax | | credits or other tax advantages provided by or through | | that domestic corporation. |
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| | | Sec. B-100. 13-C MRSA §1202, sub-§§5 and 9, as enacted by PL 2001, c. | | 640, Pt. A, §2 and affected by Pt. B, §7, are amended to read: |
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| | | 5. Majority approval of disposition. Unless the articles of | | incorporation or the corporation's board of directors, acting | | pursuant to subsection 3, requires a greater vote, approval of a | | disposition requires the approval of the shareholders by a | | majority of all the votes entitled to be cast on the plan by the | | shareholders and, if any class or series is entitled to vote as a |
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