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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 13-B, § 1109: Decree of dissolution, 1977

The court must enter a dissolution decree for a corporation when liquidation and payment conditions are met; afterward, the corporation ceases to exist.

Source excerpt

court filingdissolutionliquidationsecretary of state filing fee
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1977
Dates
Enacted 1977 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1977 · Source version 1 Oct 2025
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01

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“The court must enter a dissolution decree for a corporation when liquidation and payment conditions are met; afterward, the corporation ceases to exist.”

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    Enacted 1977 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Decree of dissolution

The court must enter a dissolution decree for a corporation when liquidation and payment conditions are met; afterward, the corporation ceases to exist.

Section 1109

04

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Source record from legislature.maine.gov · Enacted 1977 · Source version 1 Oct 2025

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Provision
§ 1109Decree of dissolutionProvision

Source excerpt

The court must enter a dissolution decree for a corporation when liquidation and payment conditions are met; afterward, the corporation ceases to exist.

1. Decree. In proceedings to liquidate the assets and activities of a corporation, when the costs and expenses of the proceedings and all debts, obligations and liabilities of the corporation have been paid and discharged and all of its remaining property and assets distributed in accordance with the provisions of this Act, or when its property and assets are not sufficient to satisfy and discharge the costs, expenses, debts and obligations, and all the property and assets have been applied to their payment, the court shall enter a decree dissolving the corporation, after which the existence of the corporation ceases. [PL 2001, c. 550, Pt. C, §25 (AMD); PL 2001, c. 550, Pt. C, §29 (AFF).] 2. Certified copy of decree to Secretary of State. When the court enters a decree dissolving a corporation, it is the duty of the clerk of the court to cause a certified copy of the decree to be filed with the Secretary of State. A fee may not be charged by the Secretary of State for the filing of the decree. [PL 2001, c. 550, Pt. C, §25 (AMD); PL 2001, c. 550, Pt. C, §29 (AFF).]
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  • 1 Oct 2025 · currentEnglish

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