Maine Revised Statutes Title 24-A Sec. 420 – General corporation laws inapplicable to foreign insurers
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Terms Used In Maine Revised Statutes Title 24-A Sec. 420
- 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 general corporation laws of this State shall not apply as to foreign insurers holding certificates of authority to transact insurance in this State. [PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).