General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 158. CERTAIN MISCELLANEOUS CORPORATIONS |
SECTION 1. Application of chapter; secretary defined |
SECTION 2. Formation |
SECTION 3. Corporations formed to furnish steam, hot water, or hydrostatic or pneumatic pressure |
SECTION 4. Number of incorporators; capital |
SECTION 5. Contents of agreement of association |
SECTION 6. First meeting |
SECTION 7. Subscribers to hold franchise; distribution of shares |
SECTION 8. Organization |
SECTION 9. Submission of details of organization to secretary; approval; certificate |
SECTION 10. Business powers of corporation |
SECTION 11. Alteration, addition to or change of business |
SECTION 12. Digging up or opening streets or highways; qualified corporations |
SECTION 13. Highway defects caused by corporation; liability |
SECTION 14. Pipes or conductors in street; regulation by municipality |
SECTION 15. Corporations for introduction and propagation of herrings and alewives; local permit |
SECTION 16. Water, gas, power and wire communication corporations; interest upon advance payments by customers |
SECTION 17. Safe deposit boxes; definitions; insurance notice; overdue rentals; affidavit |
SECTION 18. Management by officers; selection of president |
SECTION 19. Selection of directors, clerk, treasurer and other agents and officers; term |
SECTION 20. Clerk's duties; treasurer's bond |
SECTION 21. Entitlement to stock certificates |
SECTION 22. Lost certificates |
SECTION 23. Special charter corporations; fixing and limiting of capital stock |
SECTION 24. Increase or reduction of capital stock |
SECTION 25. Special stock |
SECTION 26. Employees' stock; issuance |
SECTION 27. Employees' stock; dividends |
SECTION 28. Employees' stock; transfer; redemption; limitation upon number of shares |
SECTION 29. Assessment upon shares |
SECTION 30. Failure to pay assessment; sale of shares |
SECTION 31. Notice of sale; transfer of shares sold |
SECTION 32. Commencement of business; payment of capital stock |
SECTION 33. Payment for capital stock |
SECTION 34. Proxies |
SECTION 35. Quorum |
SECTION 36. Correction of defective proceedings; procedure |
SECTION 37. Annual certificate of condition |
SECTION 38. Failure to file annual certificate; dissolution |
SECTION 39. Certificate of increase of capital stock; filing |
SECTION 40. Certificate of reduction of capital stock; filing |
SECTION 41. Submission of certificate to secretary; approval; filing; fee |
SECTION 42. Penalties for omitting to file certificates |
SECTION 43. Filing fees |
SECTION 44. Officers; liability for debts and contracts |
SECTION 45. Members or stockholders; liability for debts and contracts |
SECTION 46. Conditions to liability |
SECTION 47. Right of judgment creditor to officer and shareholder list |
SECTION 48. Refusal to give list; false list; penalty |
SECTION 49. Bill in equity against officers and stockholders |
SECTION 50. Proportionate assessment of shareholders |
SECTION 51. Death of a defendant |
SECTION 52. Dismissal; notice |
SECTION 53. Non-joinder of parties; abatement |
SECTION 54. Defense by officer or stockholder of action against corporation |