Massachusetts General Laws ch. 156A sec. 14 – Merger into or consolidation with business corporation
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Section 14. A professional corporation which has ceased to render any professional services under this chapter or which is permitted to render professional services as a business corporation organized under chapter 156D may change its status by merging into or consolidating with the business corporation or by filing articles of amendment to change its name, where necessary, and purposes to those of the business corporation.
Terms Used In Massachusetts General Laws ch. 156A sec. 14
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.