Massachusetts General Laws ch. 156B sec. 44 – Exercise of stockholders’ rights by incorporators prior to stock issuance
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Section 44. Prior to the initial issue of stock by a corporation, the incorporators may exercise all rights of stockholders and take any action required or permitted by law, the articles of organization or the by-laws to be taken by stockholders.
Terms Used In Massachusetts General Laws ch. 156B sec. 44
- 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.