Maine § 5 §13205 Property of corporation

Maine Statutes

§ 5 §13205 — Property of corporation

Maine § 5 §13205

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 18-AECONOMIC AND COMMUNITY DEVELOPMENT

Ch. 393MAINE SPACE CORPORATION

This text of Maine § 5 §13205 (Property of corporation) 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. 5, § 5 §13205 (2026).

Text

The corporation may hold and acquire property as set out in this section.

1.Lease or sale. Properties may be leased, purchased or sold to develop and operate the Maine Space Complex as determined appropriate by the corporation. Resources acquired as a result of the lease or sale of these properties become operating revenues or assets of the corporation.

2.Authority for transfers of interest in land to corporation. Upon the corporation's request, on reasonable and fair terms and conditions and without the necessity for advertisement, order of court or action or formality other than the regular and formal action of the authorities concerned, counties, municipalities, public agencies or instrumentalities of the State, public service corporations and special districts may lease, lend, grant

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The corporation may hold and acquire property as set out in this section.
1.
Lease or sale.
Properties may be leased, purchased or sold to develop and operate the Maine Space Complex as determined appropriate by the corporation. Resources acquired as a result of the lease or sale of these properties become operating revenues or assets of the corporation.
2.
Authority for transfers of interest in land to corporation.
Upon the corporation's request, on reasonable and fair terms and conditions and without the necessity for advertisement, order of court or action or formality other than the regular and formal action of the authorities concerned, counties, municipalities, public agencies or instrumentalities of the State, public service corporations and special districts may lease, lend, grant or convey to the corporation real or personal property or rights in that property that may be necessary or convenient for the effectuation of the authorized purposes of the corporation, including real and personal property or rights in that property already devoted to public use. As used in this subsection, "public service corporation" includes a public utility as defined in Title 35‑A, section 102, subsection 13 and a corporation under Title 13‑C.