Shares of stock issued in accordance with section twenty-one shall, except for unpaid instalments on instalment stock issued pursuant to section nineteen, be fully paid stock and not liable to any further call or assessment thereon.
Mass. Gen. Laws ch. 156B, § 23
Stockholders' liability for issued stock
Known as the Business Corporation Law
The act spans §§ 156–156 (126 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.