Maine Revised Statutes Title 9-B Sec. 911 – Definition
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Terms Used In Maine Revised Statutes Title 9-B Sec. 911
- 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.
“Industrial bank” means a corporation organized under Title 9, Part 5 as repealed on October 1, 1975 and which was, on or before June 1, 1967, making loans and selling certificates of investment, either of fixed or uncertain term, and receiving payments in installments or otherwise, with or without an allowance of interest upon these installments. [RR 1997, c. 2, §38 (COR).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). RR 1997, c. 2, §38 (COR).