Maine Revised Statutes Title 13 Sec. 1976 – Use of words “cooperative,” “co-op”
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Terms Used In Maine Revised Statutes Title 13 Sec. 1976
- 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.
- Statute: A law passed by a legislature.
No person, firm, corporation or association, domestic or foreign, hereafter commencing business in this State may use the word “cooperative” or “co-op” as a part of its corporate name, unless it has complied with this subchapter or some other statute of this State relating to cooperative associations. A foreign association organized under and complying with the cooperative law of the state of its creation shall be entitled to use the term “cooperative” or “co-op” in this State if it has obtained the privilege of doing business in this State. [PL 1983, c. 136 (NEW).]
SECTION HISTORY
PL 1983, c. 136 (NEW).