10 M.R.S. §384: Board

1. Establishment; membership. There is established as a body corporate and politic and a public instrumentality of the State the Small Enterprise Growth Board, which consists of 11 members appointed by the Governor as follows:

A. An experienced commercial lender;

B. An attorney with knowledge of securities law;

C. Five members of the public who have knowledge and experience in managing or investing in high-growth small businesses;

D. Three members of the public who have knowledge and experience in the development of technological innovation; and

E. The Commissioner of Economic and Community Development or the commissioner's designee, who shall serve as a voting ex officio member of the board.

2. Officers. The board shall annually elect a chair, vice-chair and treasurer from among its members.

3. Terms. The members other than the Commissioner of Economic and Community Development or the commissioner's designee serve for 3-year terms and may be reappointed for up to 2 consecutive terms. A member may serve for more than 2 3-year terms if the terms are not consecutive.

4. Compensation. Members are entitled to compensation in accordance with Title 5, chapter 379.