STATE STATUTES & CODES

MASSACHUSETTS STATUTES AND CODES

CHAPTER 156 BUSINESS CORPORATIONS

• Section 1 Definitions
• Section 2 Scope of chapter
• Section 3 Corporations not within application of chapter; adoption of chapter
• Section 4 Powers
• Section 5 Holding stock in other corporations; prohibitions
• Section 6 Agreement of association; contents
• Section 7 Corporations dealing with real estate; duration
• Section 8 First meeting; notice; service; waiver of notice
• Section 9 Organization; selection of temporary clerk; adoption of by-laws; election of officers
• Section 10 Oath to articles by directors; liability to stockholders
• Section 11 Approval by secretary of corporation documents; filing of articles
• Section 12 Certificate of incorporation
• Section 13 Scope of by-laws
• Section 14 Creation and issuance of shares
• Section 15 Consideration for capital stock; instalment payments
• Section 16 Issuance of unissued balance of authorized capital stock; approval; filing
• Section 17 Validation of issue not submitted for approval
• Section 18 Payment of subscriptions
• Section 19 Subscriptions in default; sale of rights to subscribe
• Section 20 Instalments in default; sale of rights to shares
• Section 21 Management of corporation
• Section 22 Election or appointment of officers; terms; qualifications
• Section 23 Manufacturing corporations; election of directors by employees
• Section 24 Certificate of changes; submission to secretary; filing; penalty
• Section 25 Board of directors; powers
• Section 26 Executive committee of board; duties
• Section 27 Meetings of board of directors
• Section 28 Stockholders meetings; time; place; notice; quorum; waiver of notice
• Section 29 Change in date of annual meeting
• Section 30 Special meetings
• Section 31 Corporate voting of own shares
• Section 32 Voting rights; proxies
• Section 33 Certificates; signatures; seal; limitations and preferences
• Section 34 Replacement of lost or destroyed certificates
• Section 35 Reduction of capital stock; services rendered by operatives; liability; disproportionate payments by a stockholder; contribution
• Section 36 Officers’ liability
• Section 37 Directors’ liability
• Section 38 Conditions to liability; enforcement of liability
• Section 39 Discontinuance of suit; non-joinder of persons liable; death of defendant
• Section 40 Apportionment of assessment
• Section 41 Increase or reduction of capital stock; changes of location; change of par value of capital stock; dissolution proceedings
• Section 41A Change in number of shares without par value
• Section 41B Change in number of shares with par value
• Section 41C Change of shares without par value to par value shares
• Section 42 Change of structure; conveyance of property
• Section 43 Approval of amendments or alterations; fees
• Section 44 Increase in capital stock in accordance with Sec. 41 or 41C; content of articles
• Section 45 Reduction of capital stock in accordance with Sec. 41 or 41C; content of articles
• Section 46 Sale, lease or exchange of property and assets; remedy of dissenting stockholder
• Section 46A Definitions; organizations authorized to merge; method; effect of merger
• Section 46B Corporations authorized to consolidate; method
• Section 46C Effect of consolidation
• Section 46D Domestic and foreign corporations; method; liability of directors
• Section 46E Consolidations; remedy of dissenting shareholders
• Section 46F Certificates of merger or consolidation; issuance by state secretary
• Section 47 Time; content
• Section 48 Approval; filing; public inspection
• Section 49 Repealed, 1977, 98, Sec. 3
• Section 50 Failure to file; penalty
• Section 51 Conditions to appointment
• Section 52 Failure to file certificates or reports
• Section 53 Filing of articles of organization; fees
• Section 54 Certain certificates; determination of fees
• Section 55 Other amendments, certificates, statements and reports

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