Maine Revised Statutes Title 5 Sec. 15304 – Powers of institute
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
Terms Used In Maine Revised Statutes Title 5 Sec. 15304
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Institute: means the Maine Technology Institute. See Maine Revised Statutes Title 5 Sec. 15301
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
- Personal property: All property that is not real property.
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]
[PL 1999, c. 401, Pt. AAA, §3 (NEW).]