Maine Revised Statutes Title 24 Sec. 2311 – Taxation
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Terms Used In Maine Revised Statutes Title 24 Sec. 2311
- 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.
Every corporation subject to this chapter is declared to be a charitable and benevolent institution and its funds and property shall be exempt from taxation.