{"data":{"id":"us-me/13-m.r.s.-747","jurisdiction":"us-me","citation":"13 M.R.S. §747","heading":"Cancellation of disqualified shares","body":"If the shares of a disqualified person are not acquired pursuant to section 743 within 10 months after the death of the shareholder or within 5 months after the disqualification or transfer, the professional corporation shall immediately cancel the shares on its books and the disqualified person has no further interest as a shareholder in the corporation other than the right to payment for the shares under section 743.","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/title13sec747.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"3cc6fb4a552cd909cc762368bebaa0967186736cfdd27c8974056b2c33a091b6","source_id":"us-me","stale":false,"prev":"us-me/13-m.r.s.-746","next":"us-me/13-m.r.s.-751"},"notice":"GroundRules: Original legal text. Not legal advice."}