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Current as of January 01, 2025 | Updated by Findlaw Staff
A corporation organized under this Title that has an ownership interest in any multifamily rental housing shall include on its board of directors, at a minimum, one current tenant of such housing. If the corporation is unable to find a tenant to serve as a director, it shall advertise the position to current tenants on an annual basis. The name and contact information of the tenant director must be posted in a public location in each building in which the corporation has an interest. This section does not apply to a corporation that only provides emergency shelter or short-term transitional housing.
Cite this article: FindLaw.com - Maine Revised Statutes Title 13-B. Maine Nonprofit Corporation Act § 701-A. Board of directors of a nonprofit housing corporation - last updated January 01, 2025 | https://codes.findlaw.com/me/title-13-b-maine-nonprofit-corporation-act/me-rev-st-tit-13-b-sect-701-a/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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