GENERAL LAWS OF MASSACHUSETTS

CHAPTER 156. BUSINESS CORPORATIONS.

GENERAL PROVISIONS.

Chapter 156, Section 1. Definitions.

Chapter 156, Section 2. Scope of chapter.

Chapter 156, Section 3. Corporations not within application of chapter; adoption of chapter.

Chapter 156, Section 4. Powers.

Chapter 156, Section 5. Holding stock in other corporations; prohibitions.

ORGANIZATION.

Chapter 156, Section 6. Organization; content of agreement of association.

Chapter 156, Section 7. Corporations dealing with real estate; duration.

Chapter 156, Section 8. First meeting; notice; service; waiver of notice.

Chapter 156, Section 9. Organization; selection of temporary clerk; adoption of by-laws; election of officers.

Chapter 156, Section 10. Oath to articles by directors; liability to stockholders.

Chapter 156, Section 11. Approval by secretary of corporation documents; filing of articles.

Chapter 156, Section 12. Certificate of incorporation.

Chapter 156, Section 13. Scope of by-laws.

Chapter 156, Section 14. Creation and issuance of shares.

Chapter 156, Section 15. Consideration for capital stock; installment payments.

Chapter 156, Section 16. Issue of unissued balance of authorized capital stock; approval.

Chapter 156, Section 17. Validation of issue not submitted for approval.

Chapter 156, Section 18. Payment of subscriptions.

Chapter 156, Section 19. Subscriptions in default; sale of rights to subscribe.

Chapter 156, Section 20. Instalments in default; sale of rights to shares.

OFFICERS.

Chapter 156, Section 21. Management of corporation.

Chapter 156, Section 22. Election or appointment of officers; terms; qualifications.

Chapter 156, Section 23. Manufacturing corporations; election of a director by employees.

Chapter 156, Section 24. Certificate of changes; submission to commissioner; filing; penalty.

Chapter 156, Section 25. Powers of the board of directors.

Chapter 156, Section 26. Executive committee of the board; duties.

Chapter 156, Section 27. Meetings of the board of directors.

STOCKHOLDERS.

Chapter 156, Section 28. Stockholders meetings; time; place; notice; quorum; waiver of notice.

Chapter 156, Section 29. Change in date of annual meeting.

Chapter 156, Section 30. Special meetings.

Chapter 156, Section 31. Corporate voting of own shares.

Chapter 156, Section 32. Voting rights; proxies.

STOCK.

Chapter 156, Section 33. Certificates; signatures; seal; limitations and preferences.

Chapter 156, Section 34. Replacement of lost or destroyed certificates.

LIABILITY OF STOCKHOLDERS, OFFICERS AND DIRECTORS.

Chapter 156, Section 35. Reduction of capital stock; services rendered by operatives; disproportionate payments by a stockholder; contribution.

Chapter 156, Section 36. Officers' liability.

Chapter 156, Section 37. Directors liability.

Chapter 156, Section 38. Conditions to liability; enforcement of liability.

Chapter 156, Section 39. Permission to discontinue; non-joinder of all persons liable; death of a defendant.

Chapter 156, Section 40. Apportionment of assessment.

AMENDMENTS AFTER ORGANIZATION.

Chapter 156, Section 41. Increase or reduction of capital stock; changes of location; change of par value of capital stock; dissolution proceedings.

Chapter 156, Section 41A. Change in number of shares without par value.

Chapter 156, Section 41B. Change in number of shares with par value.

Chapter 156, Section 41C. Change of shares without par value to par value shares.

Chapter 156, Section 42. Change of name, business, classes of capital stock, or organizational structure; sale, mortgage, pledge, lease or exchange of property.

Chapter 156, Section 43. Approval of amendments; fees.

Chapter 156, Section 44. Change of capital stock in accordance with sec. 41 or 41C; content of articles.

Chapter 156, Section 45. Reduction of capital stock in accordance with sec. 41; content of articles.

Chapter 156, Section 46. Sale, lease or exchange of property; remedy of dissenting stockholder.

Chapter 156, Section 46A. Definitions; organizations authorized to merge; method; effect of merger.

Chapter 156, Section 46B. Corporations authorized to consolidate; method.

Chapter 156, Section 46C. Effect of consolidation.

Chapter 156, Section 46D. Domestic and foreign corporations; method; liability of directors.

Chapter 156, Section 46E. Consolidations; remedy of dissenting shareholders.

Chapter 156, Section 46F. Certificate of consolidation; issuance by state secretary; contents.

ANNUAL REPORTS.

Chapter 156, Section 47. Annual reports; time; content.

Chapter 156, Section 48. Approval; filing; public inspection.

Chapter 156, Section 49. Repealed, 1977, 98, Sec. 3.

Chapter 156, Section 50. Failure to file; penalty.

RECEIVERS.

Chapter 156, Section 51. Conditions to appointment of receivers.

ENFORCEMENT OF PENALTIES.

Chapter 156, Section 52. Failure to file certificates or reports.

Chapter 156, Section 53. Filing of articles of organization.

Chapter 156, Section 54. Increase in capital stock with par value; change of par value shares; increase in shares without par value; change of no par value shares to shares with par value.

Chapter 156, Section 55. Other amendments, certificates, statements and reports.


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