Application — Maine Code § 1743.
Maine Code § 1743. — Application. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 1743.. Application
1. Nonprofit. Cooperative affordable housing corporations are considered nonprofit inasmuch as they are not organized to make a profit for themselves or for their members.
2. Applicability. Except as otherwise provided in this subchapter, cooperative affordable housing corporations in the State are governed by and have all the rights, privileges and powers established in Title 13‑C. Without limiting the applicability of federal law to any other corporation or unincorporated association that provides housing on a cooperative basis, it is the intent that cooperative affordable housing corporations governed by this subchapter qualify as cooperative housing corporations under federal law.
3. Election. Any corporation governed by Title 13‑C may elect by a vote of 2/3 of the members voting to secure the benefits of and be bound by this subchapter and must then amend its articles of incorporation to conform with this subchapter.
4. Exemption. Any corporation or unincorporated association that does not elect to be governed under this subchapter may not be restricted from providing housing on a cooperative basis whether as a consumer cooperative under subchapter I or otherwise.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 1743.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Application
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Maine Revised Statutes. Confirm it against the primary source before relying on it:
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Common questions
What is the source of Maine Revised Statutes § 1743.?
The text above is transcribed from the Maine Revised Statutes, the codified statutes of Maine. The official publisher link appears under "Verify the text" on this page.
What subject does Maine Revised Statutes § 1743. address?
It addresses "Application". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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