Me. Rev. Stat. tit. 13-B, ch. 7 – Directors and Officers | Midpage

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Maine Revised Statutes

Chapter 7

Me. Rev. Stat. tit. 13-B, ch. 7

Directors and Officers

701Board of directors 701-ABoard of directors of a nonprofit housing corporation 702Number and election of directors 703Vacancies 704Removal of directors 704-ARemoval of directors by judicial proceeding 705Place and notice of directors' meetings 706Quorum and vote of directors 707Unanimous action by directors without a meeting 708Informal or irregular action by directors 709Committees 710Officers 711Removal of officers 712Loans to directors and officers prohibited 713-APublic benefit corporation; board 714Indemnification of officers, directors, employees and agents; insurance 715Books and records 717General standards for directors 718Director or officer conflict of interest 719Duties and authority of officers 720General standards for officers 721Misapplication of funds or assets of public benefit corporation