Massachusetts General Laws ch. 164 sec. 5 – Organization of corporation; certification by state secretary
Current as of: 2024 | Check for updates
|
Other versions
Section 5. The organization of a corporation to be formed under this chapter shall be effected in accordance with the requirements of section twelve of chapter one hundred and fifty-six B and section six. A certified statement of the fact of incorporation by the state secretary shall be conclusive evidence of incorporation. Nothing contained in this chapter shall authorize the organization of a combined gas and electric company, unless the department, after notice and a public hearing, shall certify to the state secretary that it deems the public convenience will be promoted thereby.
Terms Used In Massachusetts General Laws ch. 164 sec. 5
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.