United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 13, § 1972: Definitions, 1983

This section defines terms used in the subchapter, including “employee cooperative,” “member,” “membership fee,” “patronage,” and “written notice of allocation.”

allocation termsemployee cooperativesmembership definitions

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“This section defines terms used in the subchapter, including “employee cooperative,” “member,” “membership fee,” “patronage,” and “written notice of allocation.””

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    Enacted 1983 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Definitions

This section defines terms used in the subchapter, including “employee cooperative,” “member,” “membership fee,” “patronage,” and “written notice of allocation.”

Section 1972

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Source record from legislature.maine.gov · Enacted 1983 · Source version 1 Oct 2025

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Interpretation
§ 1972DefinitionsInterpretation

This section defines terms used in the subchapter, including “employee cooperative,” “member,” “membership fee,” “patronage,” and “written notice of allocation.”

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1983, c. 136 (NEW).] 1. Employee cooperative. "Employee cooperative" means a corporation which has duly elected to be governed by this subchapter. [PL 1983, c. 136 (NEW).] 2. Member. "Member" means a natural person who has been accepted for membership in and owns a membership share issued by an employee cooperative. [PL 1983, c. 136 (NEW).] 3. Membership fee. "Membership fee" means an initial payment made by a person to an employee cooperative as a condition to becoming a member. [PL 1983, c. 136 (NEW).] 4. Patronage. "Patronage" means the amount of work performed as a member of an employee cooperative, measured in accordance with the articles of incorporation or bylaws. [PL 1983, c. 136 (NEW).] 5. Written notice of allocation. "Written notice of allocation" means a written instrument which discloses to a member the stated dollar amount of that member's patronage allocation and the terms for payment of that amount by the employee cooperative. [PL 1983, c. 136 (NEW).]
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  • 1 Oct 2025 · currentEnglish

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