Maine Revised Statutes Title 14 Sec. 2609 – Taxes due corporation from defendant exempt
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Terms Used In Maine Revised Statutes Title 14 Sec. 2609
- 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.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Trustee: A person or institution holding and administering property in trust.
Any corporation summoned as trustee of a defendant may set off and deduct from any amount found due the defendant from the trustee and attached by trustee process the amount due from the defendant to the trustee for taxes.