No corporation shall directly or indirectly vote any share of its own stock. Nothing in this section shall be construed as limiting the right of any corporation to vote shares of stock held directly or indirectly by it in a fiduciary capacity.
Mass. Gen. Laws ch. 156B, § 40
Voting by corporation
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.