| (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; |
|
| (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 |
|
| (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. |
|
| | 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: |
|
| | 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 |
|
|