Maine Revised Statutes Title 13 Sec. 931-A – Bylaws; disposal of assets
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Terms Used In Maine Revised Statutes Title 13 Sec. 931-A
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
The bylaws of a corporation organized under this chapter after the effective date of this section must provide for the disposal of the corporation’s assets. [PL 1995, c. 300, §1 (NEW).]
SECTION HISTORY
PL 1995, c. 300, §1 (NEW).