Maine Revised Statutes Title 32 Sec. 5511 – License limited to persons
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Terms Used In Maine Revised Statutes Title 32 Sec. 5511
- 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.
- 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.
- Person: means an individual. See Maine Revised Statutes Title 32 Sec. 5501
A license issued under this subchapter may only be issued to a person, and licensure must be determined based on individual and personal qualifications. A firm, company, partnership, limited liability company or corporation may not be licensed under this chapter. [PL 2001, c. 261, §4 (NEW).]
SECTION HISTORY
PL 2001, c. 261, §4 (NEW).