Me. Stat. tit. 13 § 1975

Current through 131st (2023-2024) Legislature Chapter 684

Section 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).]

13 M.R.S. § 1975

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