§701. Annual meeting 1. Annual meeting required; exceptions. Unless directors are elected by written consent in lieu of an annual meeting as permitted by section 704, a corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws, except that, if a corporation’s articles of incorporation […]
§702. Special meeting 1. Special meeting required. A corporation shall hold a special meeting of its shareholders: A. On call of the board of directors or the person or persons authorized to do so by its articles of incorporation or bylaws; or [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. […]
§703. Court-ordered meeting 1. Shareholder application. The Superior Court of the county in which a corporation’s principal office is located, or, if the principal office is not located in this State, of Kennebec County, may summarily order a meeting to be held: A. On application of any shareholder of the corporation entitled to participate […]
§704. Action without meeting 1. Permissible action by unanimous consent. Action required or permitted by this Act to be taken at a shareholders’ meeting may be taken without a meeting if the action is taken by all the shareholders entitled to vote on the action. The action must be evidenced by one or more written […]
§705. Notice of meeting 1. Notification to shareholders. A corporation shall notify shareholders of the date, time and place of each annual or special shareholders’ meeting no fewer than 10 days, or 3 days for close corporations, nor more than 60 days before the meeting date. The notice must include the record date for determining […]
§706. Waiver of notice 1. Shareholder may waive notice. A shareholder may waive any notice required by this Act or a corporation’s articles of incorporation or bylaws before or after the date and time stated in the notice. The waiver must be in writing, be signed by the shareholder entitled to the notice and be […]
§707. Record date 1. Establishment of record date. A corporation’s bylaws may fix or provide the manner of fixing the record date or dates for one or more voting groups in order to determine the shareholders entitled to notice of a shareholders’ meeting, to demand a special meeting, to vote or to take any other […]
§708. Conduct of meeting 1. Chair presides. At each meeting of a corporation’s shareholders under this chapter, a chair shall preside. The chair must be appointed as provided in the bylaws or, in the absence of such provision, by the board of directors. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. […]
§709. Remote participation in annual and special meetings 1. Participation by means of remote communication. A meeting of shareholders may be held by means of remote communication and shareholders of any class or series may participate in any meeting of shareholders by means of remote communication to the extent the board of directors authorizes participation […]
