{"data":{"id":"us-me/13-m.r.s.-742","jurisdiction":"us-me","citation":"13 M.R.S. §742","heading":"Share transfer restriction","body":"1.  Limit to transfers.  A shareholder of a professional corporation may transfer or pledge shares, fractional shares and rights or options to purchase shares of the corporation only to qualified persons.\n2.  Other transfers void.  A transfer of shares made in violation of subsection 1, except one made by operation of law or court judgment, is void.","path":["TITLE 13: CORPORATIONS","PART 1: CORPORATIONS GENERALLY","CHAPTER 22-A: MAINE PROFESSIONAL SERVICE CORPORATION ACT","SUBCHAPTER 3: SHARES"],"source_url":"https://legislature.maine.gov/statutes/13/title13sec742.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"559c86ba0a8fbe3e3255bb19b600cfa2a5bb8fdf1bef428b17d5aa7eee4e5892","source_id":"us-me","stale":false,"prev":"us-me/13-m.r.s.-741","next":"us-me/13-m.r.s.-743"},"notice":"GroundRules: Original legal text. Not legal advice."}