Convertible Note Cap Table in Maine
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Published July 14, 2026 • By DocketMath Team
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Quoted from the source law itself. Not legal advice; confirm how it applies to your matter.
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Maine convertible-note-cap-table: limitation period is see statute.
Run the cap tableAuthority and key facts
- Limitation Period: see statute
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
Convertible Note Cap Table in Maine
Under Maine’s 13-C M.R.S. § 601, the board of directors determines the conversion terms of a convertible note into equity, subject to any conditions set in the note itself. This statute governs the board’s authority to fix the conversion price, ratio, or other terms when the note does not specify them. The law does not prescribe a default formula or cap table adjustment method; instead, it grants the board discretion to set the terms consistent with the note’s provisions and Maine corporate law. For the precise statutory language and any exceptions, consult the official source at legislature.maine.gov. Use the DocketMath calculator below to estimate how different conversion terms affect your cap table.
Governing authority
In Maine, the convertible note cap table rule is set by 13-C M.R.S. § 601. The verified packet cites 13-C M.R.S. § 601 (https://legislature.maine.gov/statutes/13-C/title13-Csec601.html).
Maine convertible note cap table: governed by 13-C M.R.S. § 601. The verified packet cites 13-C M.R.S. § 601 (https://legislature.maine.gov/statutes/13-C/title13-Csec601.html).
Estimate your own result: every situation has exceptions that can change the outcome. Use the convertible note cap table calculator to estimate your specific figure.
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.