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2025 Maine Revised Statutes
TITLE 13: CORPORATIONS
Part 1: CORPORATIONS GENERALLY
Chapter 9: CONTRACTS AND LIABILITIES
13 §331. Parol contracts

Universal Citation:
13 ME Rev Stat § 331 (2025)
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§331. Parol contracts

Corporations are bound by parol contracts made by an agent authorized by vote or by their bylaws. Contracts may be implied from corporate acts or from the acts of the general agent.  

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