Massachusetts General Laws ch. 156E sec. 4 – Organization of benefit corporation
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Section 4. A benefit corporation shall be organized under either chapter 156A or chapter 156D, as applicable, except that a benefit corporation’s articles of organization shall make clear reference that it is a benefit corporation.
Terms Used In Massachusetts General Laws ch. 156E sec. 4
- 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.