LD 1761
pg. 3
Page 2 of 7 PUBLIC Law Chapter 523 Page 4 of 7
Download Chapter Text
LR 2591
Item 1

 
Sec. 4. 13 MRSA §934, as amended by PL 1977, c. 592, §4, is further
amended to read:

 
§934. Amendments

 
In addition to any other method provided by law, a corporation
organized without capital stock under this chapter, including
specially chartered churches, but not other specially chartered
corporations, may change the number of its officers, directors,
trustees or members of its managing board, however designated,
and change its purposes by altering, abridging or enlarging the
same, and make any other changes in its certificate of
organization as originally filed or subsequently amended that may
be desired, provided if such changes would be proper to insert in
an original certificate of organization. Such The change shall
must be made by vote of a majority of those members with voting
rights present at, or if the corporation shall have no does not
have members with voting rights, then by a majority vote of its
whole board of directors, or trustees or managing board, however
designated, taken at any legal meeting, the .__The notice of
which the meeting shall must give notice of the proposed action.
The procedures established in the law relating to corporations
organized with capital stock as to the filing or recording of
certificates, articles or other documents with the Secretary of
State or in any other place in order to make effective changes in
their certificates of organization or articles of incorporation
shall apply to corporations organized without capital stock,
except that such certificates, articles or other documents may be
appropriately altered to reflect the fact that the corporate
action reflected therein is not taken by stockholders, and may be
certified by the Secretary of State and filed with the Secretary
of State even though a change of purposes contained therein will
result in such corporation becoming charitable in nature and thus
exempt from taxation. This section shall not apply to
corporations organized under or governed by Title 13-B. If the
corporation amends any provision of any certificate filed with
the Secretary of State, the corporation must promptly deliver for
filing with the Secretary of State a certificate of amendment
signed and dated by the clerk or secretary of the corporation.

 
Sec. 5. 13 MRSA §937, as amended by PL 1977, c. 592, §5, is further
amended to read:

 
§937. Dissolution

 
Except as provided in section 938, any corporation organized
without capital stock under this chapter may be dissolved in the
same manner and with the same effect as a corporation organized
with capital stock, and by using the procedures governing the


Page 2 of 7 Top of Page Page 4 of 7
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer