An employee cooperative that has not revoked its election under this subchapter may not consolidate or merge with another corporation other than an employee cooperative. Two or more employee cooperatives may consolidate or merge in accordance with Title 13-C, chapter 11.
Me. Rev. Stat. tit. 13, § 1984
Mergers
Known as the Employee Cooperative Corporations Act
The act spans §§ 1971 to 1984 (14 sections).
PL 1983, c. 136 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.