Section 8. The books and records of the corporation shall be audited biennially by an independent source chosen by the commission, at the expense of the corporation. The director may, at any time, request an audit to be done in addition to the biennial audit.

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Terms Used In Massachusetts General Laws ch. 92B sec. 8

  • 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.