There Is a Newer Version of the Maine Revised Statutes
  1. 2025 Maine Rev. Stat.
  2. 2024 Maine Rev. Stat.
  3. 2023 Maine Rev. Stat.
  4. 2010 Maine Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2010 Maine Code
TITLE 13: CORPORATIONS
Chapter 85: COOPERATIVES
13 §1975. Formation of employee cooperative corporation; revocation

Universal Citation:
13 ME Rev Stat § 1975 (2010 through 124th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Part 2: CORPORATIONS WITHOUT CAPITAL

Subchapter 3: EMPLOYEE COOPERATIVE CORPORATIONS

§1975. Formation of employee cooperative corporation; revocation

1. Election. Any corporation organized under former Title 13-A or Title 13-C may elect to be governed as an employee cooperative under this subchapter, by so stating in its articles of incorporation or articles of amendment filed in accordance with Title 13-C.

[ RR 2001, c. 2, Pt. B, §31 (COR); RR 2001, c. 2, Pt. B, §58 (AFF) .]

2. Revocation. An employee cooperative may revoke its election under this subchapter by a vote of 2/3 of the members and through articles of amendment duly filed in accordance with Title 13-C.

[ RR 2001, c. 2, Pt. B, §31 (COR); RR 2001, c. 2, Pt. B, §58 (AFF) .]

SECTION HISTORY

1983, c. 136, (NEW). RR 2001, c. 2, §B31 (COR). RR 2001, c. 2, §B58 (AFF).

Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.