Terms Used In Maine Revised Statutes Title 24-A Sec. 4138-A

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A society authorized to do business in this State is subject to the provisions of section 12?A and chapter 23. Nothing in such provisions may be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership or as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society or the offering of benefits only to its members. [PL 2009, c. 13, §7 (NEW).]
SECTION HISTORY

PL 2009, c. 13, §7 (NEW).