reglab/housing_qa huggingface dataset:
13-C ME Rev Stat § 130 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 1: GENERAL PROVISIONS|Subchapter 2: FILING DOCUMENTS|13-C §130. Certificate of existence; certificate of authority; certificate of fact

 §130. Certificate of existence; certificate of authority; certificate of fact 1.  Application.  Any person may apply to the Secretary of State to furnish a certificate of existence for a domestic corporation or a certificate of authority for a foreign corporation.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Contents.  A certificate of existence or certificate of authority sets forth:   A. The corporation's name used in this State;   [PL 2003, c. 631, §15 (AMD).]B. That, if a domestic corporation, the corporation is duly incorporated under the laws of this State and the date of its incorporation;   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]C. That, if a foreign corporation, the foreign corporation is authorized to transact business in this State, the date on which the corporation was authorized to transact business in this State and its jurisdiction of incorporation;   [PL 2003, c. 344, Pt. B, §38 (AMD).]D. That all fees and penalties owed to this State have been paid if:   (1) Payment is reflected in the records of the Secretary of State; and   (2) Nonpayment affects the existence or authorization of the domestic or foreign corporation;   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]E. That the corporation's most recent annual report required by section 1621 has been delivered to the Secretary of State;   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]F. That, if the corporation is a domestic corporation, articles of dissolution relating to that corporation have not been filed; and   [PL 2003, c. 344, Pt. B, §38 (AMD).]G. Other facts of record in the office of the Secretary of State that may be requested by the applicant under subsection 1.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).][PL 2003, c. 631, §15 (AMD).] 3.  Evidence of existence or authority.  Subject to any qualification stated in the certificate, a certificate of existence or certificate of authority issued by the Secretary of State may be relied upon as conclusive evidence that the domestic or foreign corporation is in existence or is authorized to transact business in this State.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 4.  Certificate of fact.  In addition to a certificate authorized under subsection 2, the Secretary of State may issue a certificate attesting to any fact of record in the office of the Secretary of State that may be requested by the applicant under subsection 1.   [PL 2003, c. 344, Pt. B, §39 (NEW).] SECTION HISTORY PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §§B38-39 (AMD). PL 2003, c. 631, §15 (AMD).
13-C ME Rev Stat § 131 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 1: GENERAL PROVISIONS|Subchapter 2: FILING DOCUMENTS|13-C §131. Penalty for signing false document

 §131. Penalty for signing false document A person commits a Class E crime if that person signs a document pursuant to this Act knowing it is false in any material respect with intent that the document be delivered to the Secretary of State for filing.   [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).
13-C ME Rev Stat § 132 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 1: GENERAL PROVISIONS|Subchapter 2: FILING DOCUMENTS|13-C §132. Unsworn falsification

 §132. Unsworn falsification The execution of a certificate or articles containing one or more false statements constitutes unsworn falsification under Title 17-A, section 453.   [PL 2011, c. 274, §13 (NEW).]SECTION HISTORY PL 2011, c. 274, §13 (NEW).
13-C ME Rev Stat § 141 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 1: GENERAL PROVISIONS|Subchapter 3: SECRETARY OF STATE|13-C §141. Powers

 §141. Powers The Secretary of State has the power reasonably necessary to perform the duties required of the Secretary of State by this Act, including the power to make rules not inconsistent with this Act. Rules adopted pursuant to this Act are routine technical rules as defined in Title 5, chapter 375, subchapter II-A.   [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).
13-C ME Rev Stat § 142 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 1: GENERAL PROVISIONS|Subchapter 3: SECRETARY OF STATE|13-C §142. Access to Secretary of State's database

 §142. Access to Secretary of State's database The Secretary of State may provide public access to the database of the Department of the Secretary of State through a dial-in modem, public terminals and electronic duplicates of the database. If access to the database is provided to the public, the Secretary of State may adopt rules to establish a fee schedule and governing procedures. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.   [PL 2003, c. 344, Pt. B, §40 (NEW).]SECTION HISTORY PL 2003, c. 344, §B40 (NEW).
13-C ME Rev Stat § 143 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 1: GENERAL PROVISIONS|Subchapter 3: SECRETARY OF STATE|13-C §143. Publications

 §143. Publications 1.  Informational publications.  The Secretary of State may establish by rule a fee schedule to cover the cost of printing and distribution of publications and to set forth the procedures for the sale of these publications. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.   [PL 2003, c. 344, Pt. B, §40 (NEW).] 2.  Funds; fees deposited.  All fees collected pursuant to this section must be deposited in a fund for use by the Secretary of State for the purpose of replacing and updating publications offered in accordance with this Title and for funding new publications.   [PL 2003, c. 344, Pt. B, §40 (NEW).] SECTION HISTORY PL 2003, c. 344, §B40 (NEW).
13-C ME Rev Stat § 602 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 1: SHARES|13-C §602. Terms of class or series determined by board of directors

 §602. Terms of class or series determined by board of directors 1.  Determination by board of directors.  If a corporation's articles of incorporation provide, the board of directors is authorized without shareholder approval to:   A. Classify any unissued shares into one or more classes or into one or more series within a class;   [PL 2003, c. 344, Pt. B, §56 (NEW).]B. Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or   [PL 2003, c. 344, Pt. B, §56 (NEW).]C. Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.   [PL 2003, c. 344, Pt. B, §56 (NEW).][PL 2003, c. 344, Pt. B, §56 (AMD).] 2.  Series must have distinguishing designation.   [PL 2003, c. 344, Pt. B, §56 (RP).] 2-A.  Terms fixed before issuance.  If the board of directors acts pursuant to subsection 1, the board shall determine the terms including the preferences, rights and limitations to the same extent permitted under section 601, of:   A. Any class of shares before the issuance of any shares of that class; or   [PL 2003, c. 344, Pt. B, §56 (NEW).]B. Any series within a class before the issuance of any shares of that series.   [PL 2003, c. 344, Pt. B, §56 (NEW).][PL 2003, c. 344, Pt. B, §56 (NEW).] 3.  Identical terms.   [PL 2003, c. 344, Pt. B, §56 (RP).] 3-A.  Filing articles of amendment.  Before issuing any shares of a class or series created under this section, the corporation shall deliver to the Secretary of State for filing articles of amendment setting forth the terms authorized under subsection 1.   [PL 2003, c. 344, Pt. B, §56 (NEW).] 4.  Filing articles of amendment.   [PL 2003, c. 344, Pt. B, §56 (RP).] SECTION HISTORY PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §B56 (AMD).
13-C ME Rev Stat § 603 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 1: SHARES|13-C §603. Issued and outstanding shares

 §603. Issued and outstanding shares 1.  Issue number of shares authorized.  A corporation may issue the number of shares of each class or series authorized by its articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted or cancelled.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Limitations on reacquisition, redemption or conversion.  The reacquisition, redemption or conversion of outstanding shares is subject to the limitations of subsection 3 and to section 651.   [PL 2003, c. 344, Pt. D, §12 (AMD).] 3.  Requirement.  At all times that shares of the corporation are outstanding, there must be outstanding:   A. One share that has, or more shares that together have, unlimited voting rights; and   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]B. One share that is, or more shares that together are, entitled to receive the net assets of the corporation upon dissolution.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).][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. 344, §D12 (AMD).
13-C ME Rev Stat § 604 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 1: SHARES|13-C §604. Fractional shares

 §604. Fractional shares 1.  Authorization.  A corporation may:   A. Issue fractions of a share or pay in money the value of fractions of a share;   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]B. Arrange for disposition of fractional shares by the shareholders; or   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]C. Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).][PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Scrip.  Each certificate representing scrip must be conspicuously labeled "scrip" and must contain the information required by section 626, subsection 2.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 3.  Rights.  The holder of a fractional share is entitled to exercise the rights of a shareholder, including the right to vote, to receive dividends and to participate in the assets of the corporation upon liquidation. The holder of scrip is not entitled to any of these rights unless the scrip provides for them.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 4.  Conditions.  The board of directors may authorize the issuance of scrip subject to any condition it considers desirable, including:   A. That the scrip will become void if not exchanged for full shares before a specified date; and   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]B. That the shares for which the scrip is exchangeable may be sold and the proceeds paid to the scripholders.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).][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).
13-C ME Rev Stat § 621 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 2: ISSUANCE OF SHARES|13-C §621. Subscription for shares before incorporation

 §621. Subscription for shares before incorporation 1.  Revocability.  A subscription for shares entered into before incorporation is irrevocable for 6 months unless the subscription agreement provides a longer or shorter period or all the subscribers agree to revocation.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Payment terms.  The board of directors of a corporation may determine the payment terms of a subscription for shares that was entered into before incorporation, unless the subscription agreement specifies the payment terms. A call for payment by the board of directors must be uniform as far as practicable as to all shares of the same class or series, unless the subscription agreement specifies otherwise.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 3.  Receipt of consideration.  Shares issued pursuant to subscriptions entered into before incorporation are fully paid and nonassessable when the corporation receives the consideration specified in the subscription agreement.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 4.  Default; rescission.  If a subscriber defaults in payment of money or property under a subscription agreement entered into before incorporation, the corporation may collect the amount owed as any other debt. Alternatively, unless the subscription agreement provides otherwise, the corporation may rescind the agreement and may sell the shares if the debt remains unpaid for more than 20 days after the corporation sends a written demand for payment to the subscriber.   [PL 2011, c. 274, §15 (AMD).] 5.  Contract.  A subscription agreement entered into after incorporation is a contract between the subscriber and the corporation subject to section 622.   [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, §15 (AMD).
13-C ME Rev Stat § 622 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 2: ISSUANCE OF SHARES|13-C §622. Issuance of shares

 §622. Issuance of shares 1.  Reservation of powers.  The powers granted in this section to the board of directors of a corporation may be reserved to the shareholders by the articles of incorporation.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Consideration.  The board of directors of a corporation may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation, including cash, promissory notes, services performed, contracts for services to be performed or other securities of the corporation.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 3.  Determination of adequate consideration.  Before the corporation issues shares, its board of directors must determine that the consideration received or to be received for shares to be issued is adequate. The determination by the board of directors is conclusive insofar as the adequacy of consideration for the issuance of shares relates to whether the shares are validly issued, fully paid and nonassessable.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 4.  Fully paid; nonassessable.  When the corporation receives the consideration for which its board of directors authorized the issuance of shares under subsection 3, those shares issued are fully paid and nonassessable.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 5.  Escrow.  The corporation may place in escrow shares issued for a contract for future services or benefits or for a promissory note or may make other arrangements to restrict the transfer of the shares and may credit distributions in respect of the shares against their purchase price until the services are performed, the note is paid or the benefits received. If the services are not performed, the note is not paid or the benefits are not received, the shares escrowed or restricted and the distributions credited may be cancelled in whole or part.   [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).
13-C ME Rev Stat § 623 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 2: ISSUANCE OF SHARES|13-C §623. Liability of shareholders

 §623. Liability of shareholders 1.  Liability for paying consideration.  A purchaser from a corporation of that corporation's own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued or specified in the subscription agreement.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Personal liability.  Unless otherwise provided in a corporation's articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that the shareholder may become personally liable by reason of the shareholder's acts or conduct.   [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).
13-C ME Rev Stat § 624 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 2: ISSUANCE OF SHARES|13-C §624. Share dividends

 §624. Share dividends 1.  Pro rata shares.  Unless a corporation's articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation's shareholders or to the shareholders of one or more classes or series of shares. An issuance of shares under this subsection is a share dividend.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2.  Shares of different classes.  Shares of one class or series may not be issued as a share dividend in respect of shares of another class or series unless:   A. The articles of incorporation so authorize;   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]B. A majority of the votes entitled to be cast by the class or series to be issued approves the issue; or   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]C. There are no outstanding shares of the class or series to be issued.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).][PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 3.  Record date.  If a corporation's board of directors does not fix the record date for determining shareholders entitled to a share dividend, the record date is the date the board of directors authorizes the share dividend.   [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).
13-C ME Rev Stat § 625 (2021)
2021 Maine Revised Statutes|TITLE 13-C: MAINE BUSINESS CORPORATION ACT|Chapter 6: SHARES AND DISTRIBUTIONS|Subchapter 2: ISSUANCE OF SHARES|13-C §625. Share options

 §625. Share options 1.  Board authority to issue options.  A corporation may issue rights, options or warrants for the purchase of shares or other securities of the corporation. The corporation's board of directors shall determine:   A. The terms upon which the rights, options or warrants are issued; and   [PL 2003, c. 344, Pt. B, §57 (NEW).]B. The terms including the consideration for which the shares or other securities are issued.   [PL 2003, c. 344, Pt. B, §57 (NEW).]The authorization by the board of directors for the corporation to issue these rights, options or warrants constitutes authorization of the issuance of the shares or other securities for which the rights, options or warrants are exercisable.   [PL 2003, c. 344, Pt. B, §57 (NEW).] 2.  Limitations based on holdings.  The terms and conditions of these rights, options or warrants, including those outstanding on the effective date of this section, may include, without limitation, restrictions or conditions that:   A. Preclude or limit the exercise, transfer or receipt of these rights, options or warrants by any person or persons owning or offering to acquire a specified number or percentage of the outstanding shares or other securities of the corporation or by any transferee of the person; or   [PL 2003, c. 344, Pt. B, §57 (NEW).]B. Invalidate or void these rights, options or warrants held by the person or the transferee.   [PL 2003, c. 344, Pt. B, §57 (NEW).][PL 2003, c. 344, Pt. B, §57 (NEW).] 3.  Authorized officers.  The board of directors may authorize one or more officers to:   A. Designate the recipients of rights, options, warrants or other equity compensation awards that involve the issuance of shares; and   [PL 2011, c. 274, §16 (NEW).]B. Determine, within an amount and subject to any other limitations established by the board and, if applicable, the stockholders, the number of such rights, options, warrants or other equity compensation awards and the terms thereof to be received by the recipients, except that an officer or officers may not use such authority to designate themselves or such other persons as the board of directors may specify as a recipient or recipients of such rights, options, warrants or other equity compensation awards.   [PL 2011, c. 274, §16 (NEW).][PL 2011, c. 274, §16 (NEW).] SECTION HISTORY PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §B57 (RPR). PL 2011, c. 274, §16 (AMD).