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Terms Used In Maine Revised Statutes Title 13-B Sec. 108

  • 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.
In computing the period of time for the giving of any notice required or permitted under this Act, or under the articles, the bylaws of the corporation, or a resolution of its members or directors, the day on which the notice is given shall be excluded, and the day when the act for which notice is given to be done shall be included, unless the instrument calling for the notice otherwise specifically provides. [PL 1977, c. 525, §13 (NEW).]
SECTION HISTORY

PL 1977, c. 525, §13 (NEW).