Massachusetts General Laws ch. 221A sec. 11 – Audit
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Section 11. The books and records of the corporation shall be subject to an audit by the state auditor, in accordance with generally accepted government auditing standards, once every 3 years and as often as the state auditor determines is necessary.
Terms Used In Massachusetts General Laws ch. 221A sec. 11
- 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.