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Maine Revised Statutes

Me. Rev. Stat. tit. 13-A, § 717 (2026)

Transactions between corporations and directors and officers

✓ current as of May 2026

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(REPEALED)

SECTION HISTORY

PL 1971, c. 439, §§1,27 (NEW). PL 2001, c. 640, §A1 (RP). PL 2001, c. 640, §B7 (AFF).

Notes of Decisions

Cited in 4 cases, 1982–2004 · leading case: Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004).

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Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004). · cites it 10× “10 13-A M.R.S.A. § 717 states, in relevant part, as follows: § 717.”

Ne. Harbor Golf Club, Inc. v. Harris, 661 A.2d 1146 (Me. 1995). · cites it 2× “Pursuant to 13-A M.R.S.A. § 717 (1981), a corporate officer or director may enter into a transaction with the corporation in which she has a personal or adverse interest only if she discloses her interest in the transaction and secures ratification by a majority of the…”

In Re Crescent Beach Inn, Inc., 22 B.R. 155 (Bankr. D. Me. 1982). “Me.Rev.Stat.Ann. tit. 13-A, § 717 provides in part: 1.”

Webber v. Webber Oil Co., 495 A.2d 1215 (Me. 1985). · cites it 2× “Mahaney’s vote did not count pursuant to 13-A M.R.S.A. § 717 (1981) (Transactions between corporations and directors and officers).”

— Me. Rev. Stat. tit. 13-A, § 717(1) — 1 case

Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004). “10 13-A M.R.S.A. § 717 states, in relevant part, as follows: § 717.”

— Me. Rev. Stat. tit. 13-A, § 717(1)(A) — 1 case

Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004). “10 13-A M.R.S.A. § 717 states, in relevant part, as follows: § 717.”

— Me. Rev. Stat. tit. 13-A, § 717(1)(C) — 2 cases

Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004). “10 13-A M.R.S.A. § 717 states, in relevant part, as follows: § 717.”

Ne. Harbor Golf Club, Inc. v. Harris, 661 A.2d 1146 (Me. 1995). “Pursuant to 13-A M.R.S.A. § 717 (1981), a corporate officer or director may enter into a transaction with the corporation in which she has a personal or adverse interest only if she discloses her interest in the transaction and secures ratification by a majority of the…”

— Me. Rev. Stat. tit. 13-A, § 717(2)(B) — 1 case

Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004). “10 13-A M.R.S.A. § 717 states, in relevant part, as follows: § 717.”

— Me. Rev. Stat. tit. 13-A, § 717(3) — 1 case

Turner v. JPB Enter., Inc. (In Re Maine Poly, Inc.), 317 B.R. 1 (Bankr. D. Me. 2004). “10 13-A M.R.S.A. § 717 states, in relevant part, as follows: § 717.”

— Me. Rev. Stat. tit. 13-A, § 717(5) — 1 case

Webber v. Webber Oil Co., 495 A.2d 1215 (Me. 1985). “Mahaney’s vote did not count pursuant to 13-A M.R.S.A. § 717 (1981) (Transactions between corporations and directors and officers).”

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