§ 1 Short title
§ 2 Definitions
§ 3 Professional services provided
§ 4 Applicable provisions; powers and duties
§ 5 Rendition of professional services; construction of chapter
§ 6 Shareholder liability; professional relationship; privileged communications
§ 7 Organization; content of articles of organization
§ 8 Corporate name
§ 9 Licensing of directors and officers
§ 10 Issue or transfer of shares, or rights or options to purchase
§ 11 Proxies; voting trusts
§ 12 Purchase or redemption of shares by corporation; contingencies; time
§ 13 Liquidation, dissolution or merger of corporation
§ 14 Merger into or consolidation with business corporation
§ 15 Dissolution
§ 16 Merger or consolidation with another corporation
§ 17 Foreign professional corporations; registration
§ 18 Annual report
§ 19 Regulating boards; rules; authority or duties

Terms Used In Massachusetts General Laws > Chapter 156A - Professional Corporations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Other entity: includes a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Trustee: A person or institution holding and administering property in trust.