LD 1539
pg. 98
Page 97 of 101 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 99 of 101
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LR 1942
Item 1

 
67. It adds and corrects references to other types of
corporate reorganization permitted under the Maine Business
Corporation Act;

 
68. It clarifies the voting requirements for asset
dispositions;

 
69. It clarifies that asset dispositions may be approved by
unanimous written consent, in which case action by the board of
directors is not required;

 
70. It corrects an incorrect reference to a specific
subchapter and clarifies a form of other entity as an
unincorporated entity;

 
71. It clarifies a reference to define a corporate action;

 
72. It adds language to clarify that the statement that there
are no unpaid debts includes the annual report required by Title
13-C, section 1621;

 
73. It adds language regarding dissolution by incorporators
or initial directors to require the date dissolution was
authorized and the effective date of the articles of dissolution;

 
74. It clarifies that dissolution of a corporation must be
approved by written consent of shareholders entitled to vote;

 
75. It adds language to require that articles of dissolution
provide the effective date of the dissolution;

 
76. It deletes language that requires a corporation to
provide a copy of its filed articles of dissolution when revoking
its dissolution and clarifies language concerning when a
dissolved corporation must receive a claim;

 
77. It adds language to establish a process to reinstate
suspended corporations before July 30, 2009 that were suspended
prior to July 1, 2003;

 
78. It adds language to include contracts in the list of
items that are not invalid if a foreign corporation has not filed
an application for authority;

 
79. It corrects a reference to conform to other changes to
the name availability process for foreign corporations;

 
80. It adds language to clarify the requirements on an
amended application for authority for foreign corporations;


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