Maine § 1975. - Formation of employee cooperative corporation; revocation
Full text of Maine Maine Revised Statutes § 1975. — Formation of employee cooperative corporation; revocation, with citation guidance and answers to common questions.
§ 1975.. Formation of employee cooperative corporation; revocation
1. Election. Any corporation organized under former Title 13-A or Title 13-C may elect to be governed as an employee cooperative under this subchapter, by so stating in its articles of incorporation or articles of amendment filed in accordance with Title 13-C.
2. Revocation. An employee cooperative may revoke its election under this subchapter by a vote of 2/3 of the members and through articles of amendment duly filed in accordance with Title 13-C.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 1975.
What does Maine Revised Statutes § 1975. cover?
Section 1975. ("Formation of employee cooperative corporation; revocation") 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 § 1975.?
A common citation format is "Maine Revised Statutes § 1975." (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 § 1975. 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.