Maine Revised Statutes

Title 13-C, Chapter 8: DIRECTORS AND OFFICERS

Subchapter 1: BOARD OF DIRECTORS

13-C §801. Requirement; duties of board of directors

13-C §802. Qualifications of directors

13-C §803. Number and election of directors

13-C §804. Election of directors by certain classes of shareholders

13-C §805. Terms of directors

13-C §806. Staggered terms for directors

13-C §807. Resignation of directors

13-C §808. Removal of directors by shareholders

13-C §809. Removal of directors by judicial proceeding

13-C §810. Vacancy on board

13-C §811. Compensation of directors

Subchapter 2: MEETINGS AND ACTION OF BOARD

13-C §821. Meetings

13-C §822. Action without meeting

13-C §823. Notice of meeting

13-C §824. Waiver of notice

13-C §825. Quorum and voting

13-C §826. Committees

Subchapter 3: DIRECTORS

13-C §831. Standards of conduct for directors

13-C §832. Standards of liability for directors

13-C §833. Director's liability for unlawful distributions

Subchapter 4: OFFICERS

13-C §841. Offices

13-C §842. Functions of officers

13-C §843. Standards of conduct for officers

13-C §844. Resignation and removal of officers

13-C §845. Contract rights of officers

13-C §846. Clerk (REPEALED)

Subchapter 5: INDEMNIFICATION AND ADVANCE FOR EXPENSES

13-C §851. Definitions

13-C §852. Permissible indemnification

13-C §853. Mandatory indemnification

13-C §854. Advance for expenses

13-C §855. Court-ordered indemnification; advance for expenses

13-C §856. Determination and authorization of indemnification

13-C §857. Indemnification of officers

13-C §858. Insurance

13-C §859. Variation by corporate action; application of subchapter

13-C §860. Exclusivity of subchapter

Subchapter 6: DIRECTORS' CONFLICTING-INTEREST TRANSACTIONS

13-C §871. Definitions

13-C §872. Judicial action

13-C §873. Directors' action

13-C §874. Shareholders' action

Subchapter 7: BUSINESS OPPORTUNITIES

13-C §881. Business opportunities