| | | 7.__Date authorized.__The date dissolution was authorized; and |
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| | | 8.__Effective date.__The effective date of the dissolution.__A | | corporation is dissolved upon the effective date of its articles | | of dissolution. |
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| | | Sec. B-110. 13-C MRSA §1402, sub-§5, as enacted by PL 2001, c. 640, | | Pt. A, §2 and affected by Pt. B, §7, is repealed and the | | following enacted in its place: |
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| | | 5.__Adoption of dissolution by majority.__Unless the | | corporation's articles of incorporation or the corporation's | | board of directors acting pursuant to subsection 3 requires a | | greater vote, approval of the proposal to dissolve requires the | | approval of the shareholders by a majority of all the votes | | entitled to be cast on the proposal by that voting group and, if | | any class or series is entitled to vote as a separate voting | | group on the proposal, the approval of each separate voting group | | by a majority of all the votes entitled to be cast on the | | proposal by that voting group.__The corporation's articles of | | incorporation may provide that a proposal to dissolve may be | | approved by a lesser vote of each voting group entitled to vote | | on the proposal, but in no case by less than a majority of the | | votes cast by that voting group at a meeting at which there | | exists for each such voting group a quorum consisting of at least | | a majority of the votes entitled to be cast on the proposal by | | each voting group entitled to vote on the proposal. |
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| | | Sec. B-111. 13-C MRSA §1403, as enacted by PL 2001, c. 640, Pt. A, | | §2 and affected by Pt. B, §7, is amended to read: |
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| | | §1403. Dissolution by written consent of all |
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| | | A corporation may be voluntarily dissolved by unanimous | written consent of its shareholders, whether or not entitled to | vote by the corporation's articles of incorporation | | dissolve may be approved by written consent of shareholders | entitled to vote as provided in section 704. If a unanimous | written consent is given | | consent of all shareholders, whether or not entitled to vote, a | | resolution of the corporation's board of directors proposing the | | dissolution is not necessary. |
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| | | Sec. B-112. 13-C MRSA §1404, sub-§1, ¶B, as enacted by PL 2001, c. 640, | | Pt. A, §2 and affected by Pt. B, §7, is amended to read: |
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