Massachusetts General Laws ch. 71 sec. 74 – Management of schools funds by private corporations
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Section 74. This chapter shall not affect the right of any corporation established in a town to manage any estate or funds given or obtained for the purpose of supporting schools therein, or in any wise affect such estate or funds.
Terms Used In Massachusetts General Laws ch. 71 sec. 74
- 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.