Massachusetts General Laws ch. 157 sec. 1 – Co-operative business corporation
Current as of: 2024 | Check for updates
|
Other versions
Section 1. A corporation may be organized under chapter one hundred and fifty-six B, with shares having par value, for the purpose of co-operation in carrying on any business or of co-operative trade.
Terms Used In Massachusetts General Laws ch. 157 sec. 1
- 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.