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The secretary of state also oversees and applies the state's corporation law. Corporations seeking to be chartered in Maine do so through the secretary's office. The secretary has oversight over Maine's commercial law and application of the Uniform Commercial Code. The secretary's office appoints and regulates the state's notaries public. [8] [2]
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
In Minnesota, members of state boards, commissions, and councils are appointed through a merit-based open appointments process administered by the secretary of state. [27] State law also requires the secretary of state to publish an annual report that provides a listing and description of the duties, membership, and statistics for each state ...
In United States business law, a registered agent (also known as a resident agent, [1] statutory agent, [2] or agent for service of process [3]) is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons. [4]
New York Business Corporation Law section 1104-a, the holders of 20 per cent of voting shares of a non-public corporation may request that the corporation be wound up on grounds of oppression. NY Bus Corp Law §1118 and Alaska Plastics, Inc. v. Coppock , 621 P.2d 270 (1980) the minority can sue to be bought out at a fair value, determined by ...
The Maine Attorney General is the chief legal advisor and prosecutor of the State of Maine. The constitutional basis of the office is Article IX, Section 11 of the Maine Constitution , and the holder of the position is chosen biennially by the Maine Legislature in joint session. [ 1 ]
The Model Business Corporation Act (MBCA) is a model act promulgated and periodically amended by the Corporate Laws Committee of the Business Law Section of the American Bar Association (Committee). The MBCA had been adopted by 36 states and other jurisdictions. [ 1 ]
The law of most of the states is based on the common law of England; the notable exception is Louisiana, whose civil law is largely based upon French and Spanish law.The passage of time has led to state courts and legislatures expanding, overruling, or modifying the common law; as a result, the laws of any given state invariably differ from the laws of its sister states.