Section 16. The state secretary shall not endorse his approval upon the certificate of organization of any such corporation, unless satisfied that the purposes thereof are lawful, that its by-laws are consistent with law and conform to the requirements of the two following sections.

Terms Used In Massachusetts General Laws ch. 180 sec. 16

  • 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.
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