13-B M.R.S. § 402
This is the official text of 13-B M.R.S. § 402, part of Maine’s M.R.S — part of the compiled statutory law of Maine, published by the state as "M.R.S." Browse the sections below, each linked to its official government source.
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13-B §402. Members
Official statutory text
1. Classes of members. A corporation may have one or more classes of members or may have no members. If the corporation has one or more classes of members, the designation of such class or classes, the manner of election or appointment and the qualifications and rights of the members of each class shall be set forth in the articles of incorporation. If the corporation has no members, that fact shall be set forth in the articles of incorporation. A corporation may issue certificates evidencing membership therein. [PL 1977, c. 525, §13 (NEW).]
2. Directors, officers, employees and members not liable. The directors, officers, employees and members of the corporation shall not, as such, be liable on its obligations. [PL 1977, c. 525, §13 (NEW).]
2. Directors, officers, employees and members not liable. The directors, officers, employees and members of the corporation shall not, as such, be liable on its obligations. [PL 1977, c. 525, §13 (NEW).]
Status: in_force · Read it on the official government site
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