Terms Used In Maine Revised Statutes > Title 20-A > Part 5 > Chapter 409 - Degree-Granting Institutions

• Academic credit: means credit hours or some equivalent measure which may be awarded and which are applicable toward a degree. See Maine Revised Statutes Title 20-A Sec. 10701
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Commissioner: means the Commissioner of Education or the commissioner's designee. See Maine Revised Statutes Title 20-A Sec. 1
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Degree: means a document of achievement at the associate level or higher conferred by a postsecondary educational institution authorized to confer that degree in its home state. See Maine Revised Statutes Title 20-A Sec. 10701
• Department: means the Department of Education. See Maine Revised Statutes Title 20-A Sec. 1
• Educational institution: means any person, partnership, board, association, institution or corporation other than the University of Maine System, the Maine Community College System and the Maine Maritime Academy that offers academic, educational, literary or professional courses or programs. See Maine Revised Statutes Title 20-A Sec. 10701
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Parent: means a parent, guardian or legal guardian. See Maine Revised Statutes Title 20-A Sec. 1
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• State board: means the State Board of Education. See Maine Revised Statutes Title 20-A Sec. 1
• Subpoena: A command to a witness to appear and give testimony.
• Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72