Maine Revised Statutes Title 20-A Sec. 6905 – Adoption of bylaws
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Terms Used In Maine Revised Statutes Title 20-A Sec. 6905
- 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 corporation shall adopt bylaws consistent with this chapter for the governance of its affairs and has the general powers accorded corporations under Title 13?C, section 302. The corporation shall do all things necessary or convenient to carry out the lawful purposes of the corporation under this chapter. [RR 2001, c. 2, Pt. B, §38 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]
SECTION HISTORY
PL 1993, c. 348, §1 (NEW). RR 2001, c. 2, §B38 (COR). RR 2001, c. 2, §B58 (AFF).