2010 Maine Code
TITLE 20-A: EDUCATION
Chapter 418: STUDENT LOAN CORPORATIONS
20-A §11503. Student loan corporations authorized
Part 5: POST-SECONDARY EDUCATION
§11503. Student loan corporations authorized
Any institution or consortium of institutions for higher education may form a voluntary nonprofit student loan corporation in accordance with this chapter for the purposes specified in this chapter. An institution for higher education may form a student loan corporation either: [1983, c. 422, §21 (NEW).]
1. Organizing new student loan corporation. By organizing a new voluntary nonprofit student loan corporation as provided in this chapter; or
[ 1983, c. 422, §21 (NEW) .]
2. By amending the articles of incorporation and bylaws of an existing nonprofit corporation organized under Title 13-B, or its predecessors, to conform the articles and bylaws to the requirements of this chapter.
[ 1983, c. 422, §21 (NEW) .]
SECTION HISTORY
1983, c. 422, §21 (NEW).
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