Me. Rev. Stat. tit. 28-A, § 1463

Sale of certificate of approval holder

PL 1987, c. 45, §A4 (NEW).

1. Purchaser obligated. The purchaser of a certificate of approval holder is obligated to all of the terms and conditions of the agreement in effect on the date of purchase.

2. Purchase defined. "Purchase," as defined for the purposes of this chapter, includes, but is not limited to:

A. Sale of stock;

B. Sale of assets;

C. Merger;

D. Lease;

E. Transfer; or

F. Consolidation.

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