Massachusetts General Laws ch. 179 sec. 1 – Issuance of warrant for meeting upon application of proprietors of lands, wharves or other real estate held in common to organize as corporation
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Section 1. Upon written application of five or more proprietors of lands, wharves or other real estate held in common to a justice of the peace, stating that they intend to organize themselves as a corporation, he shall issue his warrant to one of the applicants, directing him to call a meeting of all the proprietors and expressing in the warrant the time, place, occasion and purpose of the meeting.
Terms Used In Massachusetts General Laws ch. 179 sec. 1
- 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.