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| | | An Act To Clarify Membership on Boards of Directors for |
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| | | Maine Financial Institutions |
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| | | Emergency preamble. Whereas, Acts of the Legislature do not become | | effective until 90 days after adjournment unless enacted as | | emergencies; and |
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| | | Whereas, the Maine Business Corporation Act took effect July 1, | | 2003 and has standardized the corporate structure and governance | | of Maine corporations; and |
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| | | Whereas, certain provisions in law remain inconsistent with that | | Act; and |
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| | | Whereas, in the judgment of the Legislature, these facts create | | an emergency within the meaning of the Constitution of Maine and | | require the following legislation as immediately necessary for | | the preservation of the public peace, health and safety; now, | | therefore, |
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| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 9-B MRSA §326, first ¶, as corrected by RR 2001, c. 2, Pt. B, | | §10 and affected by §58, is amended to read: |
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| | | Except as provided in this section and section 327, the | | management and operations of a financial institution organized | | under this chapter must be pursuant to Title 13-C, chapter 8. |
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