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A.__On which the effect of the distribution was measured under | | section 651, subsection 5 or 7; |
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| | | B.__As of which the violation of section 651, subsection 1 | | occurred as the consequence of disregard of a restriction in | | the corporation's articles of incorporation; or |
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| | | C.__On which the distribution of assets to shareholders | | under section 1410, subsection 1 was made. |
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| | | 4. Proceeding to enforce contribution or recoupment; one-year | | period. A proceeding to enforce a contribution or recoupment | | under subsection 2 is barred unless it is commenced within one | | year after the liability of the claimant has been finally | | adjudicated under subsection 1. |
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| | | Sec. 19. 13-C MRSA §841, as enacted by PL 2001, c. 640, Pt. A, §2 | | and affected by Pt. B, §7, is amended to read: |
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| | | 1. Offices. A corporation must have has the officers offices | described in its bylaws or appointed designated by the | | corporation's board of directors in accordance with the bylaws. |
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| | | 2. Appointment of officers. A duly appointed The board of | | directors may elect individuals to fill one or more offices of | | the corporation.__An officer may appoint one or more officers or | | assistant officers if authorized by the bylaws or the | | corporation's board of directors. |
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| | | 3. Responsibility for minutes and shareholder records. The | bylaws or the corporation's board of directors shall delegate | | assign to one of the officers responsibility for preparing | | minutes of the directors' and shareholders' meetings and for | | maintaining and authenticating the records of the corporation | | that section 1601, subsections 1 and 3 require to be kept. |
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| | | 4. Multiple positions. The same individual may | | simultaneously hold more than one office in a corporation. |
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| | | Sec. 20. 13-C MRSA §843, sub-§2, as enacted by PL 2001, c. 640, Pt. A, | | §2 and affected by Pt. B, §7, is repealed. |
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| | | Sec. 21. 13-C MRSA §843, sub-§2-A is enacted to read: |
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| | | 2-A.__Basis for reliance. In discharging the duties under | | section 842, an officer who does not have knowledge that makes | | reliance unwarranted is entitled to rely on: |
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