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conversion of the domestic business corporation until such time | after that date as |
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| | | Sec. B-82. 13-C MRSA §932, sub-§8 is enacted to read: |
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| | | 8.__Consent of shareholders. A plan of nonprofit conversion | | may be approved for a participating corporation by written | | consent of shareholders entitled to vote, as provided in section | | 704.__If the plan of nonprofit conversion is approved by written | | consent of all shareholders, whether or not entitled to vote, a | | resolution of the board of directors of the participating | | corporation approving, proposing, submitting, recommending or | | otherwise respecting the plan of nonprofit conversion is not | | necessary and shareholders of the participating corporation are | | not entitled to receive notice of or to dissent from the plan of | | nonprofit conversion. |
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| | | Sec. B-83. 13-C MRSA §933, sub-§2, as enacted by PL 2001, c. 640, Pt. | | A, §2 and affected by Pt. B, §7, is amended to read: |
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| | | 2. Provisions of articles of nonprofit conversion. The | | articles of nonprofit conversion must either contain all the | | provisions that the Maine Nonprofit Corporation Act requires to | | be set forth in articles of incorporation of a domestic nonprofit | | corporation with any other desired provisions permitted by the | | Maine Nonprofit Corporation Act or have attached articles of | | incorporation that satisfy the requirements of the Maine | | Nonprofit Corporation Act. In either case, provisions that would | not be required by chapter 10 | | to be included in restated articles of incorporation of a | | domestic nonprofit corporation may be omitted. |
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| | | Sec. B-84. 13-C MRSA §935, sub-§2, 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. Appoint the Secretary of State as its agent for service | | of process in a proceeding to enforce the rights of | | shareholders who exercise appraisal rights in connection | | with the conversion and that domestic business corporation | | shall provide a mailing address to which the Secretary of | | State may mail a copy of any process served on the Secretary | | of State; and |
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| | | Sec. B-85. 13-C MRSA §942, 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. Certificate of authority. If the foreign nonprofit | corporation is authorized to transact business | | activities in this State under the provisions of the Maine |
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