§ 701 Board of directors
§ 701-A Board of directors of a nonprofit housing corporation
§ 702 Number and election of directors
§ 703 Vacancies
§ 704 Removal of directors
§ 704-A Removal of directors by judicial proceeding
§ 705 Place and notice of directors’ meetings
§ 706 Quorum and vote of directors
§ 707 Unanimous action by directors without a meeting
§ 708 Informal or irregular action by directors
§ 709 Committees
§ 710 Officers
§ 711 Removal of officers
§ 712 Loans to directors and officers prohibited
§ 713-A Public benefit corporation; board
§ 714 Indemnification of officers, directors, employees and agents; insurance
§ 715 Books and records
§ 717 General standards for directors
§ 718 Director or officer conflict of interest
§ 719 Duties and authority of officers
§ 720 General standards for officers
§ 721 Misapplication of funds or assets of public benefit corporation

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Terms Used In Maine Revised Statutes > Title 13-B > Chapter 7 - Directors and Officers

  • Administrator: means a person, other than an insurer or creditor, that performs administrative or operational functions pursuant to a waiver program. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Agency: means an agency, school, organization, facility or institution. See Maine Revised Statutes Title 20-A Sec. 7001
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Applicant: includes the person filing an application for registration of a mark under this chapter, his legal representatives, successors or assigns. See Maine Revised Statutes Title 10 Sec. 1521
  • Assistive device: includes , but is not limited to, manual wheelchairs, motorized wheelchairs, motorized scooters and other aids that enhance the mobility of the individual; hearing aids, telephone communications devices for the deaf, or TDD, assistive listening devices and other aids that enhance an individual's ability to hear; voice synthesized computer modules, optical scanners, talking software, braille printers and other devices that enhance a sight-impaired individual's ability to communicate; and any other assistive device that enables a person with a disability to communicate, see, hear or maneuver. See Maine Revised Statutes Title 10 Sec. 1500
  • Borrower: means a debtor or retail buyer under a finance agreement. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Center: means the Maine Educational Center for the Deaf and Hard of Hearing and the Governor Baxter School for the Deaf established under section 7401 that is responsible for operating the Mackworth Island preschool, early intervention services and statewide education and family services. See Maine Revised Statutes Title 20-A Sec. 7402
  • Certification mark: means a mark used upon or in connection with the products or services of one or more persons other than the owner of the mark to certify regional or other origin, material, mode of manufacture, quality, accuracy or other characteristics of such goods or services, or that the work or labor on the goods or services was performed by members of a union or other organization. See Maine Revised Statutes Title 10 Sec. 1521
  • Child Development Services System: means the state intermediate educational unit under section 7209, subsection 3, and any regional sites it chooses to establish and maintain, to ensure the provision of child find activities, early intervention services and free, appropriate public education services to eligible children. See Maine Revised Statutes Title 20-A Sec. 7001
  • Child with a disability: means :
A. See Maine Revised Statutes Title 20-A Sec. 7001
  • Collective mark: means a trademark or service mark used by the members of a cooperative, an association or other collective group or organization, and includes marks used to indicate membership in a union, an association or other organization. See Maine Revised Statutes Title 10 Sec. 1521
  • Commissioner: means the Commissioner of Education or the commissioner's designee. See Maine Revised Statutes Title 20-A Sec. 1
  • Consumer: means a person who purchases or leases an assistive device from a dealer or manufacturer for purposes other than resale; a person to whom an assistive device is transferred for purposes other than resale while an express warranty is in effect; a funding source that purchases a device for a person with a disability; or a person otherwise legally qualified to enforce a warranty. See Maine Revised Statutes Title 10 Sec. 1500
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporate name: includes any corporate name, reserved name, registered name or assumed name as those terms are used in Title 13?C, sections 401, 402, 403 and 404 respectively and includes a corporate name, reserved name, registered name or assumed name as those terms are used in Title 13?B, sections 301?A, 302?A, 303?A and 308?A respectively. See Maine Revised Statutes Title 10 Sec. 1521
  • Creditor: means :
    (1) The lender in a loan or credit transaction;
    (2) A person engaged as a retail seller of motor vehicles that provides credit to consumers, as defined in Title 9?A, section 1?301, subsection 10, of the motor vehicles, as long as that person complies with the provisions of this section;
    (3) The seller in a commercial retail installment transaction; or
    (4) The assignee of any of the persons in subparagraphs (1) to (4) to which the credit obligation is payable. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Department: means the Department of Education. See Maine Revised Statutes Title 20-A Sec. 1
  • Donor: The person who makes a gift.
  • Early intervention services: means developmental services that are provided under public supervision; are provided at no cost except where federal or state law provides for a system of payments by families, including a schedule of sliding fees; are designed to meet the developmental needs of a child with a disability, as identified by the individualized family service plan team, in one or more areas including physical development, cognitive development, communication development, social or emotional development and adaptive development; meet the standards of the State; are provided by qualified personnel; to the maximum extent appropriate, are provided in natural environments, including the home, and community settings in which children without disabilities participate; and are provided in conformity with an individualized family service plan. See Maine Revised Statutes Title 20-A Sec. 7001
  • Elementary school: means that portion of a school that provides instruction in any combination of kindergarten through grade 8. See Maine Revised Statutes Title 20-A Sec. 1
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fiduciary: A trustee, executor, or administrator.
  • Finance agreement: means a loan or retail installment sales contract for the purchase of a motor vehicle. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Free-look period: means the period of time, not less than 30 days, from the effective date of the waiver until the date the borrower may cancel the waiver contract without penalty, fees or costs to the borrower. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Individualized education program team: means the group of individuals composed in accordance with Part B of the federal Individuals with Disabilities Education Act, 20 United States Code § 1414(d)(1)(B) to determine the individualized education program for a child with a disability. See Maine Revised Statutes Title 20-A Sec. 7001
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Intermediate educational unit: means an entity that meets the definition of intermediate educational unit in the federal Individuals with Disabilities Education Act, 20 United States Code § 1402, (23) as in effect prior to June 4, 1997 and that is a public authority, other than a local educational agency, under the general supervision of the department, that is established for the purpose of providing free public education on a regional basis and that provides special education and related services to children with disabilities within the State. See Maine Revised Statutes Title 20-A Sec. 7001
  • Kindergarten: means a one-year or 2-year childhood education program, for children at least 5 years of age, immediately prior to grade one. See Maine Revised Statutes Title 20-A Sec. 1
  • Limited liability company name: includes a limited liability company name, reserved name, assumed name or registered name as those terms are used in Title 31, sections 1508 to 1511. See Maine Revised Statutes Title 10 Sec. 1521
  • Limited liability partnership name: includes a limited liability partnership name, reserved name, assumed name or registered name as those terms are used in Title 31, sections 803?A to 806?A. See Maine Revised Statutes Title 10 Sec. 1521
  • Limited partnership name: includes a limited partnership name or assumed name under Title 31, section 1308 or reserved name or registered name as used in Title 31, section 1309. See Maine Revised Statutes Title 10 Sec. 1521
  • Mackworth Island preschool: means the preschool program located at Mackworth Island and operated by the Maine Educational Center for the Deaf and Hard of Hearing and the Governor Baxter School for the Deaf. See Maine Revised Statutes Title 20-A Sec. 7402
  • Mark: includes any trademark, service mark, certification mark or collective mark entitled to be registered under this chapter, whether registered or not. See Maine Revised Statutes Title 10 Sec. 1521
  • Misleading or inaccurate caller identification information: includes , to the extent consistent with federal law, blocked caller identification information. See Maine Revised Statutes Title 10 Sec. 1498
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Motor vehicle: includes vehicles whether self-propelled or towed. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Nonconformity: means a condition or a defect that substantially impairs the use, value or safety of an assistive device that is covered by an express warranty applicable to that assistive device, or to a component of that assistive device, but does not include a condition or defect that is the result of abuse, neglect or unauthorized modification or alteration of the assistive device by the consumer. See Maine Revised Statutes Title 10 Sec. 1500
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Parent: means a parent, guardian or legal guardian. See Maine Revised Statutes Title 20-A Sec. 1
  • Person: includes an individual, company, association, organization, partnership, business trust, corporation and every form of legal entity. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Person: means any individual, firm, partnership, corporation, association, union or other organization. See Maine Revised Statutes Title 10 Sec. 1521
  • Personal property: All property that is not real property.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Private school: means an academy, seminary, institute or other private corporation or body formed for educational purposes covering kindergarten through grade 12 or any portion thereof. See Maine Revised Statutes Title 20-A Sec. 1
  • Public school: means a school that is governed by a school board of a school administrative unit and funded primarily with public funds. See Maine Revised Statutes Title 20-A Sec. 1
  • Quorum: The number of legislators that must be present to do business.
  • Registrant: includes the person to whom the registration of a mark under this chapter is issued, the registrant's legal representatives, successors or assigns. See Maine Revised Statutes Title 10 Sec. 1521
  • Related services: means special education transportation and such developmental, corrective and other related services, as defined by the commissioner, as are required to assist children with disabilities to benefit from their special education programs. See Maine Revised Statutes Title 20-A Sec. 7001
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • School administrative unit: means the state-approved unit of school administration and includes a municipal school unit, school administrative district, community school district, regional school unit or any other municipal or quasi-municipal corporation responsible for operating or constructing public schools, except that it does not include a career and technical education region. See Maine Revised Statutes Title 20-A Sec. 1
  • School board: means the governing body with statutory powers and duties for a school administrative unit. See Maine Revised Statutes Title 20-A Sec. 1
  • Secondary school: means that portion of a school that provides instruction in any combination of grades 9 through 12. See Maine Revised Statutes Title 20-A Sec. 1
  • Service mark: means a mark used in the sale or advertising of services to identify the services of one person and distinguish them from the services of others. See Maine Revised Statutes Title 10 Sec. 1521
  • Special education: means specially designed instruction, at no cost to parents, to meet the unique needs of children with disabilities, as defined by the commissioner, including:
  • A. See Maine Revised Statutes Title 20-A Sec. 7001
  • Special education facility: means a public or private school, or portion of a public or private school, intended for use in meeting the educational and related needs of children with disabilities. See Maine Revised Statutes Title 20-A Sec. 7001
  • State licensed agency: means an institution or facility licensed by the State to provide education, emotional or mental health services, alcohol or drug rehabilitation, boarding care or other child care services to a person between the ages of 5 and 20 years. See Maine Revised Statutes Title 20-A Sec. 7001
  • Statewide education and family services: means educational outreach services, resources and information that are provided by staff employed through the center to children who are deaf or hard of hearing, from 3 through 22 years of age, their families and schools throughout the State, including students at site-based programs. See Maine Revised Statutes Title 20-A Sec. 7402
  • Summons: Another word for subpoena used by the criminal justice system.
  • Superintendent: means , except in cases in which a credit union or financial institution authorized to do business in this State, as defined in Title 9?B, section 131, subsections 12?A and 17?A, is the creditor, the Superintendent of Consumer Credit Protection. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Trade name: means a word, name, symbol, device or any combination thereof used by a person to identify his business, vocation or occupation and distinguish it from the business, vocation or occupation of others. See Maine Revised Statutes Title 10 Sec. 1521
  • Trademark: means any word, name, symbol or device or any combination thereof adopted and used by a person to identify goods made or sold by him and to distinguish them from goods made or sold by others. See Maine Revised Statutes Title 10 Sec. 1521
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • waiver: means a contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of the amount due on a borrower's finance agreement for a motor vehicle in the event of a total physical damage loss or unrecovered theft of the motor vehicle. See Maine Revised Statutes Title 10 Sec. 1500-H