§ 201 Purposes
§ 202 General powers
§ 203 Defense of ultra vires

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Maine Revised Statutes > Title 13-B > Chapter 2 - Corporate Purposes and Powers

  • Agent: means an individual appointed to serve in the capacity of a superintendent. See Maine Revised Statutes Title 20-A Sec. 1
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Certificate of immunization: means a written statement from a physician, nurse or health official who has administered an immunizing agent to a child, specifying the dosage administered and the date it was administered. See Maine Revised Statutes Title 20-A Sec. 6353
  • Change orders: means a written amendment to the home construction contract which becomes part of and is in conformance with the existing contract. See Maine Revised Statutes Title 10 Sec. 1486
  • Child: means and includes every child entering school. See Maine Revised Statutes Title 20-A Sec. 6353
  • Commissioner: means the Commissioner of Education or the commissioner's designee. See Maine Revised Statutes Title 20-A Sec. 1
  • Department: means the Department of Education. See Maine Revised Statutes Title 20-A Sec. 1
  • Disease: means those conditions that are preventable by immunizing agent, as specified in rules. See Maine Revised Statutes Title 20-A Sec. 6353
  • Down payment: means all payments to a home construction contractor prior to or contemporaneous with the execution of the home construction contract. See Maine Revised Statutes Title 10 Sec. 1486
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Home construction contract: means a contract to build, remodel or repair a residence, including not only structural work but also electrical, plumbing and heating work; carpeting; window replacements; and other nonstructural work. See Maine Revised Statutes Title 10 Sec. 1486
  • in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72
  • Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Materials: means all supplies which are used to construct, alter or repair a residence. See Maine Revised Statutes Title 10 Sec. 1486
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30?A, Part 2. See Maine Revised Statutes Title 1 Sec. 72
  • Parent: means a child's parent, legal guardian or custodian. See Maine Revised Statutes Title 20-A Sec. 6353
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Public health official: means a local health officer, the Director of the Bureau of Health, Department of Health and Human Services, or any designated employee or agent of the Department of Health and Human Services. See Maine Revised Statutes Title 20-A Sec. 6353
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Public school: means a school that is governed by a school board of a school administrative unit and funded primarily with public funds. See Maine Revised Statutes Title 20-A Sec. 1
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Residence: means a dwelling with 3 or fewer living units and garages, if any. See Maine Revised Statutes Title 10 Sec. 1486
  • School: means any public or private elementary or secondary school in the State. See Maine Revised Statutes Title 20-A Sec. 6353
  • Statute: A law passed by a legislature.
  • Superintendent: means the superintendent of schools of a school administrative unit, or a person designated by the superintendent, and the chief administrative officer of a private school. See Maine Revised Statutes Title 20-A Sec. 6353
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72