Massachusetts General Laws ch. 156E sec. 7 – Prohibition against advertising as benefit corporation without full compliance with this chapter
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Section 7. A business corporation organized under the laws of the commonwealth shall not hold itself out as, advertise itself as, or indicate in any way that it is a benefit corporation unless it was organized under and in full compliance with this chapter.
Terms Used In Massachusetts General Laws ch. 156E sec. 7
- 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.