Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“If an association issues nonpar value stock, that issuance is governed by the laws regulating nonpar value stock issuance in domestic corporations.”
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02
How the instrument operates
- 01
Start with the recorded version
Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
If an association issues nonpar value stock, that issuance is governed by the laws regulating nonpar value stock issuance in domestic corporations.
Section 2196
04
Source and current-law status
Source record view
Source record from legislature.maine.gov · Source version 1 Oct 2025
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.