United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 13-C, § 728: Action by single and multiple voting groups, 2001

If the articles of incorporation or the Act use a single voting group, action is taken when that group votes under section 727. If there are multiple voting groups, action is taken only when each group votes separately…

corporate governanceshareholder/member voting

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01

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“If the articles of incorporation or the Act use a single voting group, action is taken when that group votes under section 727. If there are multiple voting groups, action is taken only when each group votes separately under section 727, but one group may act even if another eligible group does not.”

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    Enacted 2001 · 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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Action by single and multiple voting groups

If the articles of incorporation or the Act use a single voting group, action is taken when that group votes under section 727. If there are multiple voting groups, action is taken only when each group votes separately under section 727, but one group may act…

Section 728

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Source record from legislature.maine.gov · Enacted 2001 · Source version 1 Oct 2025

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§ 728Action by single and multiple voting groupsProvision

If the articles of incorporation or the Act use a single voting group, action is taken when that group votes under section 727. If there are multiple voting groups, action is taken only when each group votes separately under section 727, but one group may act even if another eligible group does not.

1. Voting by single voting group. If a corporation's articles of incorporation or this Act provides for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 727. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2. Voting by multiple voting groups. If a corporation's articles of incorporation or this Act provides for voting by 2 or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 727. Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
Section 728Verify source

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  • 1 Oct 2025 · currentEnglish

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