Massachusetts General Laws ch. 155 sec. 12 – Free hospital beds for employees of corporation; appropriation
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Section 12. Every corporation may, by a vote of a majority of each class of stock outstanding and entitled to vote, appropriate not more than five thousand dollars or an annual sum of not more than five hundred dollars for the support of free beds in one or more hospitals in the commonwealth, for the use of its employees.
Terms Used In Massachusetts General Laws ch. 155 sec. 12
- 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.