Maine Revised Statutes Title 7 Sec. 32 – Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1983, c. 396, §1 (NEW).]
1. AFIDA. “AFIDA” means the Agricultural Foreign Investment Disclosure Act of 1978, United States Code, title 7, § 3501, et seq.
[PL 1983, c. 396, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 7 Sec. 32
- AFIDA: means the Agricultural Foreign Investment Disclosure Act of 1978, United States Code, title 7, § 3501, et seq. See Maine Revised Statutes Title 7 Sec. 32
- Agricultural land: means any land in Maine which is used or capable of use without substantial modification for production of agriculturally related products including, but not limited to, crops, livestock, poultry, dairy products and sod. See Maine Revised Statutes Title 7 Sec. 32
- Bequest: Property gifted by will.
- Commissioner: means the Commissioner of Agriculture, Conservation and Forestry or the commissioner's authorized agents. See Maine Revised Statutes Title 7 Sec. 32
- 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.
- Interest in land: means all forms of direct or indirect ownership of land, except:
A. See Maine Revised Statutes Title 7 Sec. 32Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72 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.
2. Agricultural land. “Agricultural land” means any land in Maine which is used or capable of use without substantial modification for production of agriculturally related products including, but not limited to, crops, livestock, poultry, dairy products and sod.
[PL 1983, c. 396, §1 (NEW).]
3. Commissioner. “Commissioner” means the Commissioner of Agriculture, Conservation and Forestry or the commissioner’s authorized agents.
[RR 2021, c. 1, Pt. B, §59 (COR).]
4. Family farm corporation. “Family farm corporation” means a corporation founded for the purpose of farming and the ownership of agricultural land; the majority of the voting stock must be held by, and a majority of the shareholders must be, persons or the spouses of persons related to each other within the 3rd degree of kindred and at least one of the related persons must reside on or actively operate the farm; and none of the shareholders may be a corporation. A family corporation does not cease to qualify as such by reason of any bequest of voting stock.
[PL 1983, c. 396, §1 (NEW).]
5. Farm partnership. “Farm partnership” means an association of 2 or more individuals formed for the purpose of farming.
[PL 1983, c. 396, §1 (NEW).]
6. Interest in land. “Interest in land” means all forms of direct or indirect ownership of land, except:
A. Contingent future interests; [PL 1983, c. 396, §1 (NEW).]
B. Noncontingent future interests which do not become possessory upon the termination of the present possessory estate; and [PL 1983, c. 396, §1 (NEW).]
C. Surface or subsurface easements and rights-of-way used for a purpose unrelated to agricultural production. [PL 1983, c. 396, §1 (NEW).]
[PL 1983, c. 396, §1 (NEW).]
SECTION HISTORY
PL 1983, c. 396, §1 (NEW). PL 2011, c. 657, Pt. W, §6 (REV). RR 2021, c. 1, Pt. B, §59 (COR).