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

Me. Rev. Stat. tit. 13-B, § 716 (2026)

Duties of directors and officers

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1981, c. 7 (NEW). PL 2001, c. 550, §C17 (RP). PL 2001, c. 550, §C29 (AFF).
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Notes of Decisions
Cited in 2 cases, 1987–2001 · leading case: Seacoast Hangar Condo. II Ass'n v. Martel, 775 A.2d 1166 (Me. 2001).
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Seacoast Hangar Condo. II Ass'n v. Martel, 775 A.2d 1166 (Me. 2001). “13-B M.R.S.A. § 716 (1981). [¶ 20] The third-party complaint alleges that Percy et al.”
Triple-A Baseball Club Assocs. v. Ne. Baseball, Inc., 655 F. Supp. 513 (D. Me. 1987). “” Me.Rev.Stat.Ann. tit. 13-B § 716 (1964). It is well settled in _ Maine and elsewhere that “[w]hether officers have been guilty of mismanagement in a particular case is largely a matter of fact dependent upon the circumstances of each case.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.