Maine is another state under whose laws many corporations are organized. The fees are low in this state but in other respects Maine does not offer quite as great advantages as New Jersey. Stock may be issued for either cash, property, or services, and the judgment of the directors is conclusive as to the value of latter except in cases of fraud. Incorporators and directors may be non-residents and directors' meetings may be held outside of state, but stockholders' meetings must be held in state. Corporations may hold stock in other corporations.