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Terms Used In Maine Revised Statutes Title 13 Sec. 1744

  • 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.
A person, firm, corporation or association, domestic or foreign, commencing business in this State after the effective date of this section may not use the word “cooperative” or “co-op” as a part of its corporate name unless it has complied with this subchapter or any other law of this State relating to cooperative associations. A foreign association organized under and complying with the cooperative laws of the state in which it was created is entitled to use the term “cooperative” or “co-op” in this State if it has obtained the privilege of doing business or carrying on activities in this State. [PL 1993, c. 300, §1 (NEW).]
SECTION HISTORY

PL 1993, c. 300, §1 (NEW).