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Code · Maine · Title 13: CORPORATIONS · Chapter 85: COOPERATIVES

§1983. Revocation of election as employee cooperative corporation

60 words·~1 min read·/me/title-13-corporations/chapter-85-cooperatives/1983·

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When any employee cooperative revokes its election in accordance with section 1975 , the articles of amendment must provide for conversion of membership shares and internal capital accounts or their conversions to securities or other property in a manner consistent with Title 13-C . [RR 2001, c. 2, Pt. B, §33 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]
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