United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 13-B, § 703: Vacancies, 1977

The board of directors may fill board vacancies and new directorships by majority vote of the remaining directors, unless the articles or bylaws provide another method.

board vacanciesdirector appointments

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01

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“The board of directors may fill board vacancies and new directorships by majority vote of the remaining directors, unless the articles or bylaws provide another method.”

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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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Vacancies

The board of directors may fill board vacancies and new directorships by majority vote of the remaining directors, unless the articles or bylaws provide another method.

Section 703

04

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

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Provision
§ 703VacanciesProvision

The board of directors may fill board vacancies and new directorships by majority vote of the remaining directors, unless the articles or bylaws provide another method.

1. Vacancies filled. Any vacancy occurring in the board of directors and any directorship to be filled by reason of an increase in the number of directors may be filled by the affirmative vote of a majority of the remaining directors, though less than a quorum of the board of directors, unless the articles of incorporation or the bylaws provide that a vacancy or directorship so created shall be filled in some other manner, in which case such provision shall control. [PL 1977, c. 525, §13 (NEW).] 2. Director to fill unexpired term of predecessor. A director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office. [PL 1977, c. 525, §13 (NEW).] 3. Limited directorship. Unless otherwise provided by the articles of incorporation or the bylaws, the directorship to be filled by reason of an increase in the number of directors may be filled by the board of directors for a term of office continuing only until the next election of directors. [PL 1977, c. 525, §13 (NEW).]
Section 703Verify source

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  • 1 Oct 2025 · currentEnglish

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