Public-domain · open source
OpenJurist

Mass. Gen. Laws ch. 156A, § 4

Applicable provisions; powers and duties

Known as the Professional Corporation Law

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

(a) Chapter 156D shall apply to professional corporations and which shall enjoy the powers and privileges, and be subject to the duties, restrictions and liabilities of corporations organized under said chapter, except where inconsistent with this chapter.

(b) A professional corporation may own real and personal property necessary or appropriate for rendering the professional service it was organized to render, and may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment.

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