Section 5. The agreement of association shall state that the subscribers thereto associate themselves with the intention of forming a corporation, the corporate name assumed, the purpose for which it is formed, the town, which shall be in this commonwealth, where it is established or located, the amount of its capital stock and the par value and number of its shares.

Terms Used In Massachusetts General Laws ch. 158 sec. 5

  • 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.
  Previous section
Next section  
 Chapter 158 Contents