Section 17 Validation of issue not submitted for approval - Massachusetts Statutes

Section 17. An issue of stock subsequent to that certified by the articles of organization which is invalid solely for the reason that the certificate is not submitted to the secretary within thirty days as required by the preceding section may be rendered lawful and valid as of the date of its issue if the certificate is afterward submitted to him, and is examined and approved by him and filed in the office of the state secretary, upon payment of such fee, to be determined annually by the commissioner of administration under the provision of section three B of chapter seven.