Section 19. Every corporation subject to this chapter is hereby declared to be a charitable and benevolent corporation and its property shall be exempt from state, city, county, district and municipal taxes.

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Terms Used In Massachusetts General Laws ch. 176A sec. 19

  • 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.
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