As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
1.  Eligible entity“Eligible entity” means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation.  

[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

Terms Used In Maine Revised Statutes Title 13-C Sec. 1101

A. See Maine Revised Statutes Title 13-C Sec. 1101
  • Share exchange: means a business combination pursuant to section 1103. See Maine Revised Statutes Title 13-C Sec. 1101
  • 2.  Eligible interests“Eligible interests” means interests and memberships.  

    [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

    3.  Merger“Merger” means a business combination pursuant to section 1102.  

    [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

    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;   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
    B. Acquire shares or eligible interests of another corporation or an eligible entity in a share exchange; or   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
    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.   [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

    [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

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

    [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

    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.  

    [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

    SECTION HISTORY

    PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).