General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 158. CERTAIN MISCELLANEOUS CORPORATIONS |
SECTION 4. Number of incorporators; capital
Latest version.
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For the purpose of carrying on any other lawful business for which corporations may be formed under this chapter, three or more persons may associate themselves, with a capital of not less than one thousand dollars. The capital of such companies other than gas and electric companies shall not exceed one million dollars.