| commission order directing or approving the divestiture does not | constitute a sale of all or substantially all of the assets of a | corporation within the meaning of Title 13-A, chapter 10 is not | subject to limitations contained in the corporation's articles of | incorporation and, notwithstanding Title 13-C, chapter 12, does | not require shareholder approval. |
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| | Sec. D-25. 35-A MRSA §4502, sub-§1, as enacted by PL 1987, c. 141, Pt. | A, §6, is amended to read: |
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| | 1. Organization of corporations to construct pipelines. | Corporations for the purpose of constructing and operating | natural gas pipelines may be organized under Title 13-A 13-C. | Following organization under former Title 13-A or Title 13-C, the | corporation has all the other rights, privileges and immunities | of a legal corporation organized under Title 13-A 13-C, except as | they are inconsistent with this chapter. |
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| | Sec. D-26. 36 MRSA §4641-C, sub-§7, as amended by PL 1999, c. 638, | §44, is further amended to read: |
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| | 7. Deeds pursuant to mergers or consolidations. Deeds made | pursuant to mergers or consolidations of business entities, as | defined in Title 13-A, section 912 carried out pursuant to Title | 13-C, chapter 11, from which no gain or loss is recognized under | the Internal Revenue Code; |
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| | Sec. D-27. 39-A MRSA §102, sub-§11, ķA, as amended by PL 2001, c. 710, | §18 and affected by §19, is amended by amending subparagraph (4) | to read: |
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| (4) Except for persons engaged in harvesting of forest | products, any person who, in a written statement to the | board, waives all the benefits and privileges provided | by the workers' compensation laws, provided that the | board has found that person to be a bona fide owner of | at least 20% of the outstanding voting stock of the | corporation by which that person is employed or a | shareholder of the professional corporation by which | that person is employed and that this waiver was not a | prerequisite condition to employment. For the purposes | of this subparagraph, the term "professional | corporation" has the same meaning as found means a | domestic or foreign professional corporation as defined | in Title 13, section 703 723, subsection 1. |
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| Any person may revoke or rescind that person's waiver | upon 30 days' written notice to the board and that | person's employer. The parent, spouse or child of a | person who has made a waiver under the previous |
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