Massachusetts Constitution Amendments Article LXXXIV
Article LXII of the Amendments to the Constitution is hereby amended by striking out section 1 and inserting in place thereof the following section: –
Terms Used In Massachusetts Constitution Amendments Article LXXXIV
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Section 1. The commonwealth may give, loan or pledge its credit only by a vote, taken by the yeas and nays, of two-thirds of each house of the general court present and voting thereon. The credit of the commonwealth shall not in any manner be given or loaned to or in aid of any individual, or of any private association, or of any corporation which is privately owned and managed.