Massachusetts General Laws ch. 155 sec. 45 – Record transfer of stock not paid for
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Section 45. Stock shall not be transferred on the books of a corporation if any instalments thereon remain overdue and unpaid.
Terms Used In Massachusetts General Laws ch. 155 sec. 45
- 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.