Maine Revised Statutes Title 13-C Sec. 811 – Compensation of directors
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Terms Used In Maine Revised Statutes Title 13-C Sec. 811
- 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.
Unless the corporation‘s articles of incorporation or bylaws provide otherwise, the corporation’s board of directors may fix the compensation of directors. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).