Maine § 13208. - Interest of public officials, directors or employees
Full text of Maine Maine Revised Statutes § 13208. — Interest of public officials, directors or employees, with citation guidance and answers to common questions.
§ 13208.. Interest of public officials, directors or employees
1. Present or past interest in property. If a public official, member of the board of directors or employee of the corporation presently owns or controls, or owned or controlled within the preceding 2 years, a direct or an indirect interest in property known to be included or planned to be included in a corporation activity, that public official, trustee or employee shall disclose this fact immediately in writing to the board of directors and the disclosure must be entered in the board's minutes.
2. Recusal. A public official, member of the board of directors or employee of the corporation with an interest in property under this section may not participate in an action by the corporation affecting that property.
3. Violation. A violation of this section is a Class E crime.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 13208.
What does Maine Revised Statutes § 13208. cover?
Section 13208. ("Interest of public officials, directors or employees") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 13208.?
A common citation format is "Maine Revised Statutes § 13208." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 13208. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.