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Me. Rev. Stat. tit. 13-C, § 1101

Definitions

PL 2001, c. 640, §A2 (NEW)

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1. Eligible entity. "Eligible entity" means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation.

2. Eligible interests. "Eligible interests" means interests and memberships.

3. Merger. "Merger" means a business combination pursuant to section 1102.

4. Party to a merger or party to a share exchange. "Party to a merger" or "party to a share exchange" means any domestic or foreign corporation or eligible entity that will:

A. Merge under a plan of merger;

B. Acquire shares or eligible interests of another corporation or an eligible entity in a share exchange; or

C. Have all of its shares or eligible interests or all of one or more classes or series of its shares or eligible interests acquired in a share exchange.

5. Share exchange. "Share exchange" means a business combination pursuant to section 1103.

6. Survivor. "Survivor" in a merger means the corporation or eligible entity into which one or more other corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.