AA. For an amended application for authority, the fee is $70, except that for a change in address of a foreign corporation's principal office, wherever located, as provided by section 1504, subsection 2, paragraph E, the fee is $35.

Sec. 14. 13-C MRSA §123, sub-§1, ¶NN is enacted to read:

NN.__For preclearance of any document for filing, the fee is $100.

Sec. 15. 13-C MRSA §130, sub-§2, ¶A, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is amended to read:

A. The domestic corporation's corporate name or the foreign corporation's corporate name used in this State;

Sec. 16. 13-C MRSA §651, sub-§7, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is amended to read:

7. Indebtedness issued as a distribution. Indebtedness of a corporation, including indebtedness issued as a distribution, is not considered a liability for purposes of determinations under subsection 3 if the terms of the indebtedness provide that payment of principal and interest are made only if and to the extent that payment of a distribution to shareholders could then be made under this section. If the indebtedness on those terms is issued as a distribution, each payment of principal or interest is treated as a distribution, the effect of which is measured on the date the payment is actually made.

Sec. 17. 13-C MRSA §826, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is amended to read:

§826. Committees

1. Create committees. Unless this Act, the articles of incorporation or the bylaws provide otherwise, a corporation's board of directors may create one or more committees and appoint one or more members of the corporation's board of directors to serve on them each of those committees. Each committee must have 2 or more members, who serve at the pleasure of the corporation's board of directors.

2. Approval of committee. The Unless this Act otherwise provides, the creation of a committee and appointment of members to a committee must be approved by the greater of: