{"data":{"id":"us-me/13-m.r.s.-1972","jurisdiction":"us-me","citation":"13 M.R.S. §1972","heading":"Definitions","body":"As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.\n1.  Employee cooperative.  \"Employee cooperative\" means a corporation which has duly elected to be governed by this subchapter.\n2.  Member.  \"Member\" means a natural person who has been accepted for membership in and owns a membership share issued by an employee cooperative.\n3.  Membership fee.  \"Membership fee\" means an initial payment made by a person to an employee cooperative as a condition to becoming a member.\n4.  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.\n5.  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.","path":["TITLE 13: CORPORATIONS","PART 2: CORPORATIONS WITHOUT CAPITAL","CHAPTER 85: COOPERATIVES","SUBCHAPTER 3: EMPLOYEE COOPERATIVE CORPORATIONS"],"source_url":"https://legislature.maine.gov/statutes/13/title13sec1972.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"a938d877e34d5ae0ba1cd0037b14cbef15543ba71ce0244ccfc8af59da12e5dc","source_id":"us-me","stale":false,"prev":"us-me/13-m.r.s.-1971","next":"us-me/13-m.r.s.-1973"},"notice":"GroundRules: Original legal text. Not legal advice."}