Me. Rev. Stat. » Title 13-A
Maine Revised Statutes

Me. Rev. Stat. tit. 13-A, § 706 (2026)

Vacancies in board of directors

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1971, c. 439, §§1,27 (NEW). PL 1977, c. 130, §8 (AMD). PL 2001, c. 640, §A1 (RP). PL 2001, c. 640, §B7 (AFF).
Notes of Decisions
Cited in 2 cases, 1990–1996 · leading case: McCarthy v. U.S.I. Corp., 678 A.2d 48 (Me. 1996).
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McCarthy v. U.S.I. Corp., 678 A.2d 48 (Me. 1996). “See 13-A M.R.S.A. § 706(3) (1981) (at the time of a director’s tender of her resignation the board of directors or the shareholders may elect a successor).”
Georgia-Pac. Corp. v. Great N. Nekoosa Corp., 731 F. Supp. 38 (D. Me. 1990). · cites it 2× “13-A M.R.S.A. §§ 706(1)(B), 707(5). Section 706(1)(B) states: “Unless the articles of incorporation or the bylaws reserve to the shareholders the right to fill vacancies, any other vacancy, however occurring, in the board of directors may be filled by a majority of the remaining…”
Me. Rev. Stat. tit. 13-A, § 706(1)(B): 1 case
Georgia-Pac. Corp. v. Great N. Nekoosa Corp., 731 F. Supp. 38 (D. Me. 1990). “13-A M.R.S.A. §§ 706(1)(B), 707(5). Section 706(1)(B) states: “Unless the articles of incorporation or the bylaws reserve to the shareholders the right to fill vacancies, any other vacancy, however occurring, in the board of directors may be filled by a majority of the remaining…”
Me. Rev. Stat. tit. 13-A, § 706(3): 1 case
McCarthy v. U.S.I. Corp., 678 A.2d 48 (Me. 1996). “See 13-A M.R.S.A. § 706(3) (1981) (at the time of a director’s tender of her resignation the board of directors or the shareholders may elect a successor).”
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