Maine § 10 §945-L General conditions; dissolution

Maine Statutes

§ 10 §945-L — General conditions; dissolution

Maine § 10 §945-L

Title 10COMMERCE AND TRADE

Part 2BUILDING AND DEVELOPMENT

Ch. 107-BMAINE INTERNATIONAL TRADE CENTER

This text of Maine § 10 §945-L (General conditions; dissolution) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 10, § 10 §945-L (2026).

Text

The center shall operate as a nonprofit organization consistent with its composition and broad public purposes. The following conditions apply to the operation or dissolution of the center.

1.Net earnings of center. No part of the net earnings of the center may inure to the benefit of any member, officer, director or employee, except that the center may pay reasonable compensation for services rendered and otherwise hold, manage and dispose of its property for the purposes of the center.

2.Dissolution of center. Upon dissolution of the center, the members shall transfer all unexpended General Fund appropriations to the State before paying or making provision for the payment of all other liabilities of the center.

Free access — add to your briefcase to read the full text and ask questions with AI

The center shall operate as a nonprofit organization consistent with its composition and broad public purposes. The following conditions apply to the operation or dissolution of the center.
1.
Net earnings of center.
No part of the net earnings of the center may inure to the benefit of any member, officer, director or employee, except that the center may pay reasonable compensation for services rendered and otherwise hold, manage and dispose of its property for the purposes of the center.
2.
Dissolution of center.
Upon dissolution of the center, the members shall transfer all unexpended General Fund appropriations to the State before paying or making provision for the payment of all other liabilities of the center.