Massachusetts General Laws ch. 156 sec. 25 – Board of directors; powers
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Section 25. The board of directors may exercise all the powers of the corporation, except such as are conferred by law, or by the by-laws of the corporation, upon the stockholders.
Terms Used In Massachusetts General Laws ch. 156 sec. 25
- 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.