Massachusetts General Laws ch. 156B sec. 54 – Powers of directors
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Section 54. The directors may exercise all the powers of the corporation, except such as by law, by the articles of organization or by the by-laws of the corporation are conferred upon or reserved to the stockholders.
Terms Used In Massachusetts General Laws ch. 156B sec. 54
- 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.