Terms Used In Maine Revised Statutes Title 10 Sec. 1480

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

A person may not provide both mold assessment and remediation services on a building project unless the person has provided to the owner of the building or the owner’s agent a signed disclosure statement regarding the potential for conflict of interest in providing both mold assessment and remediation services. For purposes of this section, “person” means an individual, a partnership, a corporation or any other legal entity. [2007, c. 355, §1 (NEW).]

SECTION HISTORY

2007, c. 355, §1 (NEW).