Section 27. If a dividend is paid by a corporation to its stockholders, the holders of employees’ stock shall receive upon each share which has been paid for in full in time to be entitled to a dividend, an amount which shall bear such proportion to the amount paid as a dividend upon each share of the general stock of such corporation as the par value of the shares of such employees’ stock bears to the par value of the shares of such general stock.

Terms Used In Massachusetts General Laws ch. 158 sec. 27

  • 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.