Public-domain · open source
OpenJurist

Mass. Gen. Laws ch. 156A, § 16

Merger or consolidation with another corporation

Known as the Professional Corporation Law

The act spans §§ 156–156 (19 sections).

(a) Except as provided in section fourteen, a professional corporation may merge or consolidate with another corporation, domestic or foreign, only if every shareholder of each corporation is a qualified person with respect to the surviving or resulting corporation.

(b) Upon the merger or consolidation of a professional corporation, if the surviving or resulting corporation is to render professional services in the commonwealth, it shall comply with the provisions of this chapter.

Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.