Terms Used In Maine Revised Statutes Title 13 Sec. 1973

  • 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.
  • Employee cooperative: means a corporation which has duly elected to be governed by this subchapter. See Maine Revised Statutes Title 13 Sec. 1972
Except as otherwise provided in this subchapter, employee cooperative corporations are governed by Title 13?C, the Maine Business Corporation Act. [RR 2001, c. 2, Pt. B, §30 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]
SECTION HISTORY

PL 1983, c. 136 (NEW). RR 2001, c. 2, §B30 (COR). RR 2001, c. 2, §B58 (AFF).