Massachusetts General Laws ch. 158 sec. 38 – Failure to file annual certificate; dissolution
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Section 38. If a corporation fails for two successive years to file such annual certificate, the supreme judicial court, upon application by the secretary, after notice and a hearing, may decree a dissolution of the corporation.
Terms Used In Massachusetts General Laws ch. 158 sec. 38
- 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.