Massachusetts General Laws ch. 158 sec. 11 – Alteration, addition to or change of business
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Section 11. A corporation may, by a vote of all its stockholders at a meeting duly called for the purpose, alter, add to or change the business for the transaction of which it was incorporated, but it shall not engage in any business which is not authorized by law. A certificate setting forth such alteration, addition or change, signed and sworn to by the president, treasurer and a majority of the directors, shall be filed in the office of the state secretary.
Terms Used In Massachusetts General Laws ch. 158 sec. 11
- 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.
- state secretary: means the secretary of the commonwealth. See Massachusetts General Laws ch. 158 sec. 1