Maine Revised Statutes Title 12 Sec. 550 – Annual exploration registration
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Annual registration shall be required as provided in this section. [PL 1985, c. 201, §3 (NEW).]
1. Registration. Any person conducting mineral exploration where the total exploration expenses incurred in a calendar year exceed $25,000 on private, leased or otherwise acquired lands within the State must register with the director. Registration shall be valid for the fiscal year and must be renewed annually.
[PL 1985, c. 201, §3 (NEW).]
Terms Used In Maine Revised Statutes Title 12 Sec. 550
- 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.
- 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.
- lands: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Information. Registration shall include the following information:
A. The name and address of the person conducting the exploration; [PL 1985, c. 201, §3 (NEW).]
B. The name and address of the parent and any subsidiaries or domestic affiliates of the corporation engaged in exploration activities in this State; and [PL 1985, c. 201, §3 (NEW).]
C. The names of counties where exploration is expected to occur. [PL 1985, c. 201, §3 (NEW).]
[PL 1985, c. 201, §3 (NEW).]
SECTION HISTORY
PL 1985, c. 201, §3 (NEW).