Maine Revised Statutes Title 5 Sec. 8002 – Definitions
[PL 1977, c. 551, §3 (NEW).]
Terms Used In Maine Revised Statutes Title 5 Sec. 8002
- 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.
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- 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.
- 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.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- Statute: A law passed by a legislature.
[PL 1993, c. 362, §1 (NEW).]
[PL 1995, c. 246, §1 (AMD); PL 2003, c. 20, Pt. OO, §2 (AMD); PL 2003, c. 20, Pt. OO, §4 (AFF).]
[PL 1977, c. 551, §3 (NEW).]
[PL 1993, c. 362, §1 (NEW).]
[PL 1995, c. 373, §2 (NEW).]
[PL 1999, c. 307, §1 (NEW).]
[PL 1977, c. 551, §3 (NEW).]
[PL 1977, c. 551, §3 (NEW).]
[PL 1977, c. 551, §3 (NEW).]
[PL 1999, c. 547, Pt. B, §16 (AMD); PL 1999, c. 547, Pt. B, §80 (AFF).]
[PL 1977, c. 551, §3 (NEW).]
[PL 1997, c. 110, §1 (NEW).]
[PL 2011, c. 304, Pt. G, §1 (AMD).]