reglab/housing_qa huggingface dataset:
13-C ME Rev Stat § 1620 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 16: RECORDS AND REPORTS|Subchapter 2: REPORTS|13-C §1620. Financial statements for shareholders

 §1620. Financial statements for shareholders 1.  Financial statements.  No later than 5 months after the close of each fiscal year, each corporation that is not a close corporation shall deliver to its shareholders annual financial statements, which may be consolidated or combined statements of the corporation and one or more of its subsidiaries, as appropriate, that include a balance sheet as of the end of the fiscal year, an income statement for that year and a statement of changes in shareholders' equity for the year unless that information appears elsewhere in the financial statements. If financial statements are prepared for the corporation on the basis of generally accepted accounting principles, the annual financial statements must also be prepared on that basis. A public corporation may fulfill its responsibilities under this section by delivering the specified financial statements or otherwise making them available in any manner permitted by the applicable rules and regulations of the United States Securities and Exchange Commission.   [PL 2011, c. 274, §79 (AMD).] 2.  Written demand for copy of financial statement.  Upon written demand of any shareholder of a corporation, the corporation shall deliver to that shareholder a copy of the most recent annual financial statement prepared in accordance with subsection 1. If the annual financial statement is reported upon by a public accountant, the accountant's report must accompany it. If the annual financial statement is not reported upon by a public accountant, the statement must be accompanied by a statement of the president or the person responsible for the corporation's accounting records:   A. Stating the reporter's reasonable belief whether the statement was prepared on the basis of generally accepted accounting principles and, if not, describing the basis of preparation; and   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]B. Describing any respects in which the statement was not prepared on a basis of accounting consistent with the statement prepared for the preceding year.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).][PL 2011, c. 274, §80 (AMD).] 3.  Restrictions on disclosure of financial statement.  The articles of incorporation or bylaws of a corporation may impose reasonable restrictions regarding the disclosure of financial information as a condition to delivery of an annual financial statement to a shareholder in accordance with this section.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] SECTION HISTORY PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2011, c. 274, §§79, 80 (AMD).
13-C ME Rev Stat § 1622 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 16: RECORDS AND REPORTS|Subchapter 2: REPORTS|13-C §1622. Failure to file annual report; incorrect report; penalties

 §1622. Failure to file annual report; incorrect report; penalties 1.  Penalty.  A domestic or foreign corporation required to deliver an annual report for filing as provided by section 1621 that fails to deliver its properly completed annual report to the Secretary of State shall pay, in addition to the regular annual report fee, the late filing penalty described in section 123, subsection 1, paragraph EE, as long as the report is received by the Secretary of State prior to administrative dissolution or revocation. Upon a corporation's failure to file the annual report and to pay the annual report fee or the penalty, the Secretary of State, notwithstanding Title 4, chapter 5 and Title 5, chapter 375, shall revoke a foreign corporation's authority to do business in this State and administratively dissolve a domestic corporation. The Secretary of State shall use the procedures set forth in section 1421 to administratively dissolve a corporation and the procedures set forth in section 1532 to revoke a foreign corporation's authority to do business in this State. A domestic corporation that has been administratively dissolved under section 1421 must follow the procedures set forth in section 1422 to reinstate.   [PL 2003, c. 631, §34 (AMD).] 2.  Excusable neglect.  If the annual report of a domestic or foreign corporation is not delivered for filing within the time specified in section 1621, the corporation is excused from the liability provided in this section and from any other penalty for failure to timely file the report if it establishes, to the satisfaction of the Secretary of State, that its failure to file was the result of excusable neglect and it furnishes the Secretary of State with a copy of the report within 30 days after it learns that the Secretary of State failed to receive the original report.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] SECTION HISTORY PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 631, §34 (AMD).
13-C ME Rev Stat § 1623 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 16: RECORDS AND REPORTS|Subchapter 2: REPORTS|13-C §1623. Amended annual report of domestic or foreign corporations

 §1623. Amended annual report of domestic or foreign corporations 1.  Amended annual report.  If the information contained in an annual report filed under section 1621 has changed, a domestic or foreign corporation may, if it determines necessary, deliver to the Secretary of State for filing an amended annual report to change the information on file. The amended annual report must be executed as provided by section 121, subsection 5.   [PL 2003, c. 344, Pt. B, §135 (NEW).] 2.  Contents.  The amended annual report under subsection 1 must set forth:   A. The name of the domestic corporation or foreign corporation and the jurisdiction of its incorporation;   [PL 2003, c. 344, Pt. B, §135 (NEW).]B. The date on which the original annual report was filed; and   [PL 2003, c. 344, Pt. B, §135 (NEW).]C. The information that has changed and the date on which it changed.   [PL 2003, c. 344, Pt. B, §135 (NEW).][PL 2003, c. 344, Pt. B, §135 (NEW).] 3.  Period for filing.  An amended annual report under subsection 1 may be filed by the domestic corporation or foreign corporation from the date of the original filing until December 31st of that filing year.   [PL 2003, c. 344, Pt. B, §135 (NEW).] SECTION HISTORY PL 2003, c. 344, §B135 (NEW).
13-C ME Rev Stat § 1801 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 1: GENERAL PROVISIONS|13-C §1801. Application and effect of chapter

 §1801. Application and effect of chapter 1.  Application of chapter.  This chapter applies to all benefit corporations.   [PL 2019, c. 328, §1 (NEW).] 2.  Application of corporation law generally.  This chapter does not create an implication that a contrary or different rule of law applies to a corporation that is not a benefit corporation. This chapter does not affect a statute or rule of law that applies to a corporation that is not a benefit corporation.   [PL 2019, c. 328, §1 (NEW).] 3.  Laws applicable.  Except as otherwise provided in this chapter, this Title is generally applicable to all benefit corporations. A benefit corporation may be subject simultaneously to this chapter and Title 13, chapter 22‑A. This chapter supersedes other provisions of this Title and Title 13, chapter 22‑A with regard to benefit corporations.   [PL 2019, c. 328, §1 (NEW).] 4.  Limit on articles and bylaws.  A provision of the articles of incorporation or bylaws of a benefit corporation may not limit, be inconsistent with or supersede a provision of this chapter.   [PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1803 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 1: GENERAL PROVISIONS|13-C §1803. Incorporation of benefit corporation

 §1803. Incorporation of benefit corporation A benefit corporation must be incorporated in accordance with chapter 2, and its articles of incorporation must state that it is a benefit corporation.   [PL 2019, c. 328, §1 (NEW).]SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1804 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 1: GENERAL PROVISIONS|13-C §1804. Election of benefit corporation status

 §1804. Election of benefit corporation status 1.  Existing corporation.  An existing corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain, in addition to the requirements of section 202, a statement that the corporation is a benefit corporation. In order to be effective, the amendment must be adopted by at least the minimum status vote.   [PL 2019, c. 328, §1 (NEW).] 2.  Mergers, conversions and share exchanges.  This subsection governs mergers, conversions and share exchanges when the resulting entity is a benefit corporation.   A. Except as provided in paragraph B, if a domestic entity that is not a benefit corporation is a party to a merger or conversion or the exchanging entity in a share exchange and the surviving, new or resulting entity in the merger, conversion or share exchange is to be a benefit corporation, the plan of merger, conversion or share exchange must be approved by the domestic entity by at least the minimum status vote.   [PL 2019, c. 328, §1 (NEW).]B. Paragraph A does not apply in the case of a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger pursuant to section 1105.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1805 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 1: GENERAL PROVISIONS|13-C §1805. Termination of benefit corporation status

 §1805. Termination of benefit corporation status 1.  Termination.  A benefit corporation may terminate its status as such and cease to be subject to this chapter by amending its articles of incorporation to delete the provision required by section 1803 or 1804 to be stated in the articles of a benefit corporation. In order to be effective, the amendment must be adopted by at least the minimum status vote.   [PL 2019, c. 328, §1 (NEW).] 2.  Mergers, conversions and share exchanges.  This subsection governs mergers, conversions and share exchanges when the resulting entity is not a benefit corporation.   A. Except as provided in paragraph B, if a plan of merger, conversion or share exchange would have the effect of terminating the status of a corporation as a benefit corporation, the plan must be adopted by at least the minimum status vote in order to be effective.   [PL 2019, c. 328, §1 (NEW).]B. Paragraph A does not apply in the case of a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger pursuant to section 1105.   [PL 2019, c. 328, §1 (NEW).]C. Any sale, lease, exchange or other disposition of all or substantially all of the assets of a benefit corporation, unless the transaction is in the usual and regular course of business, is not effective unless the transaction is approved by at least the minimum status vote.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1811 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 2: CORPORATE PURPOSES|13-C §1811. Corporate purposes

 §1811. Corporate purposes 1.  General public benefit purpose.  A benefit corporation must have a purpose of creating general public benefit. This purpose is in addition to its purpose under section 301.   [PL 2019, c. 328, §1 (NEW).] 2.  Optional specific public benefit purpose.  The articles of incorporation of a benefit corporation may identify one or more specific public benefits that it is the purpose of the benefit corporation to create in addition to its purposes under section 301 and subsection 1. The identification of a specific public benefit under this subsection does not limit the purpose of a benefit corporation to create general public benefit under subsection 1.   [PL 2019, c. 328, §1 (NEW).] 3.  Effect of purposes.  The creation of general public benefit and a specific public benefit under subsections 1 and 2 is in the best interests of the benefit corporation.   [PL 2019, c. 328, §1 (NEW).] 4.  Amendment.  A benefit corporation may amend its articles of incorporation to add, amend or delete the identification of a specific public benefit that it is the purpose of the benefit corporation to create. In order to be effective, the amendment must be adopted by at least the minimum status vote.   [PL 2019, c. 328, §1 (NEW).] 5.  Professional corporation.  A professional corporation that is a benefit corporation does not violate Title 13, section 732 by having the purpose to create general public benefit or a specific public benefit.   [PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1823 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 3: ACCOUNTABILITY|13-C §1823. Standard of conduct for officers

 §1823. Standard of conduct for officers 1.  General rule.  An officer of a benefit corporation shall consider the interests and factors described in section 1821, subsection 1 in the manner provided in section 1821, subsection 1 if:   A. The officer has discretion to act with respect to a matter; and   [PL 2019, c. 328, §1 (NEW).]B. It reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of general public benefit or a specific public benefit identified in the articles of incorporation of the benefit corporation.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] 2.  Coordination with other provisions of law.  The consideration of interests and factors in the manner provided in subsection 1 does not constitute a violation of section 843.   [PL 2019, c. 328, §1 (NEW).] 3.  Exoneration from personal liability.  Except as provided in the articles of incorporation, an officer is not personally liable for monetary damages for:   A. An action or inaction as an officer in the course of performing the duties of an officer under subsection 1 if the officer performed the duties of the position in compliance with section 843 and this section; or   [PL 2019, c. 328, §1 (NEW).]B. Failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] 4.  Limitation on standing.  An officer does not have a duty to a person that is a beneficiary of general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.   [PL 2019, c. 328, §1 (NEW).] 5.  Business judgments.  An officer who makes a business judgment in good faith fulfills the duty under this section if the officer:   A. Is not interested in the subject of the business judgment;   [PL 2019, c. 328, §1 (NEW).]B. Is informed with respect to the subject of the business judgment to the extent the officer reasonably believes to be appropriate under the circumstances; and   [PL 2019, c. 328, §1 (NEW).]C. Rationally believes that the business judgment is in the best interests of the benefit corporation.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1824 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 3: ACCOUNTABILITY|13-C §1824. Benefit officer

 §1824. Benefit officer 1.  Designation.  A benefit corporation may have an officer designated the benefit officer.   [PL 2019, c. 328, §1 (NEW).] 2.  Functions.  A benefit officer has:   A. The powers and duties relating to the purpose of the corporation to create general public benefit or a specific public benefit provided by the bylaws or, absent controlling provisions in the bylaws, by resolution or order of the board of directors; and   [PL 2019, c. 328, §1 (NEW).]B. The duty to prepare the benefit report required by section 1831.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1825 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 3: ACCOUNTABILITY|13-C §1825. Right of action

 §1825. Right of action 1.  General rule.  Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a benefit corporation or its directors or officers with respect to:   A. Failure to pursue or create general public benefit or a specific public benefit set forth in the articles of incorporation; or   [PL 2019, c. 328, §1 (NEW).]B. Violation of an obligation, duty or standard of conduct under this chapter.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] 2.  Limitation on liability of corporation.  A benefit corporation is not liable for monetary damages under this chapter for any failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.   [PL 2019, c. 328, §1 (NEW).] 3.  Standing.  A benefit enforcement proceeding may be commenced or maintained only:   A. Directly by the benefit corporation; or   [PL 2019, c. 328, §1 (NEW).]B. Derivatively in accordance with chapter 7, subchapter 4 by:   (1) A person or group of persons that owned beneficially or of record at least 2% of the total number of shares of a class or series outstanding at the time of the act or omission complained of;   (2) A director;   (3) A person or group of persons that owned beneficially or of record 5% or more of the outstanding equity interests in an entity of which the benefit corporation is a subsidiary at the time of the act or omission complained of; or   (4) Other persons as specified in the articles of incorporation or bylaws of the benefit corporation.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] 4.  Beneficial ownership.  For purposes of this section, a person is the beneficial owner of shares or equity interests if the shares or equity interests are held in a voting trust or by a nominee on behalf of the beneficial owner.   [PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
13-C ME Rev Stat § 1832 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 18: BENEFIT CORPORATIONS|Subchapter 4: TRANSPARENCY|13-C §1832. Availability of annual benefit report

 §1832. Availability of annual benefit report 1.  Timing of report.  A benefit corporation shall send its annual benefit report to each shareholder on the earlier of:   A. One hundred and twenty days following the end of the fiscal year of the benefit corporation; and   [PL 2019, c. 328, §1 (NEW).]B. At the same time the benefit corporation delivers any other annual report to its shareholders.   [PL 2019, c. 328, §1 (NEW).][PL 2019, c. 328, §1 (NEW).] 2.  Website posting.  A benefit corporation shall post all of its annual benefit reports on the public portion of its website. The compensation paid to directors and financial or proprietary information included in the benefit reports may be omitted from the annual benefit reports as posted.   [PL 2019, c. 328, §1 (NEW).] 3.  Availability of copies.  If a benefit corporation does not have a website, the benefit corporation shall provide a copy of its most recent annual benefit report, without charge, to any person that requests a copy, but the compensation paid to directors and financial or proprietary information included in the annual benefit report may be omitted from the copy of the annual benefit report provided.   [PL 2019, c. 328, §1 (NEW).] SECTION HISTORY PL 2019, c. 328, §1 (NEW).
14 ME Rev Stat § 51 (2021)
2021 Maine Revised Statutes|TITLE 14: COURT PROCEDURE -- CIVIL|Part 1: GENERAL PROVISIONS|Chapter 3: PLEADINGS|14 §51. Actions on insurance policies

 §51. Actions on insurance policies In all actions on insurance policies, a complaint on an account annexed, with an allegation that the plaintiff has complied with all conditions of the policy of insurance mentioned in the account annexed, shall be deemed sufficient. The account annexed shall state the number of the policy and the amount claimed as due, both as principal sum and interest, if any. The fact that the amount claimed in the account annexed varies from the amount found to be due the plaintiff shall not defeat the action unless there be a fraudulent claim of an excessive amount. If the defendant relies upon the breach of any condition of the policy by the plaintiff as a defense, it shall set the same up by answer, and all conditions, the breach of which is known to the defendant and not so pleaded, shall be deemed to have been complied with by the plaintiff. The plaintiff by a reply to the answer may set up any matter waiving or legally excusing his noncompliance with conditions as alleged by the defendant. Nothing in this section shall be construed as changing in any way the common law burden of proof as to such matters as are so put in issue under the pleadings.   [PL 1979, c. 541, Pt. A, §137 (AMD).]SECTION HISTORY PL 1979, c. 541, §A137 (AMD).
14 ME Rev Stat § 52 (2021)
2021 Maine Revised Statutes|TITLE 14: COURT PROCEDURE -- CIVIL|Part 1: GENERAL PROVISIONS|Chapter 3: PLEADINGS|14 §52. Ad damnum clause

 §52. Ad damnum clause No dollar amount or figure may be included in the demand in any civil case, but the prayer must be for such damages as are reasonable in the premises. This section does not apply to a demand for liquidated damages.   [PL 2001, c. 17, §1 (AMD).]SECTION HISTORY PL 1987, c. 646, §1 (NEW). PL 2001, c. 17, §1 (AMD).
14 ME Rev Stat § 101 (2021)
2021 Maine Revised Statutes|TITLE 14: COURT PROCEDURE -- CIVIL|Part 1: GENERAL PROVISIONS|Chapter 5: TENDER AND OFFER OF JUDGMENT|14 §101. Trespass on land; tender

 §101. Trespass on land; tender In actions for trespass on lands, the defendant may by answer disclaim all title to the land described, and allege that the trespass was involuntary, or by negligence or mistake, or in the prosecution of a legal right, and that before action brought the defendant tendered sufficient amends therefor or that the defendant brings money into court to satisfy the damages with costs to that time. If on trial the defendant establishes the truth of the defendant's allegations, the defendant recovers costs.   [RR 2009, c. 2, §29 (COR).]SECTION HISTORY RR 2009, c. 2, §29 (COR).
14 ME Rev Stat § 102 (2021)
2021 Maine Revised Statutes|TITLE 14: COURT PROCEDURE -- CIVIL|Part 1: GENERAL PROVISIONS|Chapter 5: TENDER AND OFFER OF JUDGMENT|14 §102. Town may make an offer of judgment

 §102. Town may make an offer of judgment In actions against towns for injury to the person or damage to property from defect in ways, a town may make an offer of judgment in the same manner and with the same effect as defendants in other civil actions.
14 ME Rev Stat § 151 (2021)
2021 Maine Revised Statutes|TITLE 14: COURT PROCEDURE -- CIVIL|Part 1: GENERAL PROVISIONS|Chapter 7: DEFENSES GENERALLY|14 §151. Partial failure of consideration of note

 §151. Partial failure of consideration of note In any civil action in which the amount due on a promissory note given for the price of land conveyed is in question and a total failure of consideration would be a defense, partial failure of consideration may be shown in reduction of damages.
14 ME Rev Stat § 152 (2021)
2021 Maine Revised Statutes|TITLE 14: COURT PROCEDURE -- CIVIL|Part 1: GENERAL PROVISIONS|Chapter 7: DEFENSES GENERALLY|14 §152. Truth justifies libel unless malice (REPEALED)

 §152. Truth justifies libel unless malice (REPEALED)SECTION HISTORY PL 1985, c. 290, §1 (RP).