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

Me. Rev. Stat. tit. 13-C, § 751 (2026)

Definitions

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As used in this subchapter, 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.  Derivative proceeding.  "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 758, in the right of a foreign corporation.  
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
2.  Shareholder.  "Shareholder" includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.  
[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).
Notes of Decisions
Cited in 3 cases, 2005–2011 · leading case: Voisine v. Berube, 2011 ME 137, 38 A.3d 310.
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Voisine v. Berube, 2011 ME 137, 38 A.3d 310. “” 13-C M.R.S. § 751(1). To bring a derivative action, a shareholder must have standing.”
Osterberg v. Giovanis, No. YORcv-06-025 (Me. Super. Ct Sept. 19, 2006). · cites it 2× “whch includes a subchapter governing derivative proceedings, see 13-C M.R.S.A. §§751 - et seq. A "derivative proceeding" is defined as a "civil suit in the right of a domestic corporation .”
Cmty. Health & Counseling Servs. v. Affiliated Healthcare Sys., No. PENcv-03-222 (Me. Super. Ct Mar. 16, 2005). “CHCS has instituted a direct’action on its own behalf for harm suffered by NEHHC.”
Me. Rev. Stat. tit. 13-C, § 751(1): 2 cases
Voisine v. Berube, 2011 ME 137, 38 A.3d 310. “” 13-C M.R.S. § 751(1). To bring a derivative action, a shareholder must have standing.”
Osterberg v. Giovanis, No. YORcv-06-025 (Me. Super. Ct Sept. 19, 2006). “whch includes a subchapter governing derivative proceedings, see 13-C M.R.S.A. §§751 - et seq. A "derivative proceeding" is defined as a "civil suit in the right of a domestic corporation .”
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