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Showing posts with the label business uncertainty

The Curious Repeal of TITLE 13-A: MAINE BUSINESS CORPORATION ACT

I was recently browsing the internet when I came upon a list of Maine statutes, which included TITLE 13-A: MAINE BUSINESS CORPORATION ACT I was most surprised when I clicked on the link to find that the act has been repealed in its entirety with no further information - such as a replacement for the act and the date that it was repealed. Most links to the Act found on the Internet report only this meager information. This appears to leave Maine incorporated business without a rule of law to govern them and yet I cannot find any news written about this mysterious occurrence. A search on Maine Biz comes up with nothing. Is not this business news? Does it not create major business uncertainty in Maine when the entire act that governs Maine business incorporation repealed? The only timeline I have been able to locate is this cache page on Google which says all data was extracted in February of this year. Was it extracted by Google? -or another party? What is going on and why am