Maine Revised Statutes Title 13-B Sec. 1104-A – Bylaws; disposal of assets
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Terms Used In Maine Revised Statutes Title 13-B Sec. 1104-A
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
After the effective date of this section, a domestic corporation organized under this Title or a domestic corporation filing an annual report under section 1301 shall provide for the disposal of the corporation’s assets in its bylaws. [PL 1995, c. 300, §3 (NEW).]
SECTION HISTORY
PL 1995, c. 300, §3 (NEW).