Maine Revised Statutes Title 13 Sec. 1071 – Incorporation
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Terms Used In Maine Revised Statutes Title 13 Sec. 1071
- 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.
- Lawful age: means the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72
Persons of lawful age may organize themselves into a nonprofit-sharing corporation for the purpose of purchasing land for a burying ground and for the purpose of owning, maintaining and operating a cemetery or cemeteries, as provided in sections 901 and 903 and may proceed in the manner and, except as restricted, with the powers provided in section 931. [PL 1975, c. 770, §75 (AMD).]
SECTION HISTORY
PL 1965, c. 66 (AMD). PL 1975, c. 770, §75 (AMD).