Massachusetts General Laws ch. 158 sec. 23 – Special charter corporations; fixing and limiting of capital stock
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Section 23. The amount of the capital stock of every corporation established by special charter shall, at the first meeting of the corporation, unless the charter otherwise provides, be fixed and limited by the corporation and divided into shares, of which a record shall be made by the clerk.
Terms Used In Massachusetts General Laws ch. 158 sec. 23
- 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.