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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Violation. A person may not:
A. Knowingly induce a member or stockholder of an association to violate the member's or stockholder's marketing contract with the association;
B. Knowingly attempt to induce a member or stockholder of an association to violate the member's or stockholder's marketing contract with the association; or
C. Intentionally or knowingly spread false reports about the finances or management of the association.
2. Penalties. A person or corporation whose employees or officers violate this section commits a civil violation for which a fine of not less than $100 and not more than $1,000 may be adjudged for each such offense. In addition, the person or corporation is subject to a civil penalty of $500 for each such offense, to be recovered in a civil action by the aggrieved association.
Cite this article: FindLaw.com - Maine Revised Statutes Title 13. Corporations § 1778. Inducing breach of contract; spreading false reports; penalty - last updated January 01, 2025 | https://codes.findlaw.com/me/title-13-corporations/me-rev-st-tit-13-sect-1778/
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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