Massachusetts General Laws ch. 165 sec. 1 – Definitions
Current as of: 2024 | Check for updates
|
Other versions
Section 1. In sections one to eleven, inclusive, the following words shall have the following meanings:—
Terms Used In Massachusetts General Laws ch. 165 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
”Corporation” or ”company”, every person, partnership, association or corporation, other than a municipal corporation, and other than a landlord supplying his tenant, engaged in the distribution and sale of water in the commonwealth through its pipes or mains.
”Department”, the department of public utilities.