LD 1539
pg. 97
Page 96 of 104 PUBLIC Law Chapter 344 Page 98 of 104
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LR 1942
Item 1

 
§337. Books produced for trial; refusal

 
When a suit or prosecution is pending for a violation, either
of sections 334 to 336 or to enforce the liabilities created by
Title 13-A 13-C, section 624 or section 720 833, the clerk or
person having custody of the books of the corporation shall, upon
reasonable written notice, produce them on trial; and for neglect
or refusal to do so, he the person is liable to the same fine or
imprisonment as the party on trial would be.

 
Sec. D-7. 13 MRSA §741, sub-§1, ¶A-1 is enacted to read:

 
A-1.__Nonlicensed individuals authorized to organize with
licensed individuals pursuant to section 732, subsection 3;

 
Sec. D-8. 13 MRSA §1978, sub-§§2 and 4, as enacted by PL 1983, c. 136,
are amended to read:

 
2. Payment. Each member of an employee cooperative
corporation shall must be issued a membership share upon payment
of a membership fee, the amount of which shall must be determined
from time to time by the directors. Title 13-A, section 505, 13-
C, section 621 does not apply to membership shares.

 
4. Voting stock limited. Unless otherwise provided in this
subchapter or in the articles of incorporation of an employee
cooperative, no other capital stock other than membership shares
may have voting power. In the event that proposed amendments to
the articles of incorporation would adversely affect any
nonvoting class of shareholders, such action may not be taken
without the vote of those shareholders, as provided in Title 13-A
13-C, sections 805 1003 and 806 1004.

 
Sec. D-9. 13 MRSA §1979, as enacted by PL 1983, c. 136, is amended
to read:

 
§1979. Amendment of bylaws

 
The bylaws of an employee cooperative may only be amended by
members, except as provided in Title 13-A 13-C, section 602 207.

 
Sec. D-10. 13 MRSA §1982, sub-§4, as enacted by PL 1983, c. 136, is
amended to read:

 
4. Exceptions. Title 13-A 13-C, section 909, 1302 does not
apply to an internal capital account cooperative.

 
Sec. D-11. 13-B MRSA §202, sub-§1, ¶¶K and L, as enacted by PL 1977, c.
525, §13, are amended to read:


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