Maine Revised Statutes Title 35-A Sec. 3739 – Officers
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Terms Used In Maine Revised Statutes Title 35-A Sec. 3739
- cooperative: means any corporation organized under this chapter or which becomes subject to this chapter in the manner provided. See Maine Revised Statutes Title 35-A Sec. 3703
- Person: means person as defined in section 102 or any public agency, state or political subdivision or agency of the State, or any body politic. See Maine Revised Statutes Title 35-A Sec. 3703
- Trustee: A person or institution holding and administering property in trust.
The officers of a cooperative consist of a president, vice-president, secretary and treasurer, who must be elected annually by and from the board of trustees. When a person holding office ceases to be a trustee, that person ceases to hold office. The offices of secretary and of treasurer may be held by the same person. The board of trustees may elect or appoint other officers, agents or employees as it determines necessary or advisable and shall prescribe their powers and duties. Any officer may be removed from office and a successor elected in the manner prescribed in the bylaws. [RR 2021, c. 1, Pt. B, §418 (COR).]
SECTION HISTORY
PL 1987, c. 141, §A6 (NEW). RR 2021, c. 1, Pt. B, §418 (COR).