Maine Revised Statutes > Title 33 > Chapter 17 > Subchapter 1 – Personal Property
Current as of: 2023 | Check for updates
|
Other versions
§ 901 | Corporate securities |
§ 902 | — retroactive effect |
§ 903 | — existing tenancies not affected |
§ 904 | — form of agreement |
Terms Used In Maine Revised Statutes > Title 33 > Chapter 17 > Subchapter 1 - Personal Property
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- 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.
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.