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Terms Used In Maine Revised Statutes Title 13-B Sec. 101

  • 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.
This Title may be known and cited as the “Maine Nonprofit Corporation Act.” [PL 2003, c. 344, Pt. B, §6 (AMD).]
SECTION HISTORY

PL 1977, c. 525, §13 (NEW). PL 2003, c. 344, §B6 (AMD).