Massachusetts Chapter 156D — Business Corporations
222 sections hosted, reproduced from the official public-domain source.
- Mass. Gen. Laws ch. 156D, § 1.01— Short Title
- Mass. Gen. Laws ch. 156D, § 1.02— Reservation of power to amend or repeal
- Mass. Gen. Laws ch. 156D, § 1.20— Filing requirements
- Mass. Gen. Laws ch. 156D, § 1.21— Forms
- Mass. Gen. Laws ch. 156D, § 1.22— Filing, service and copying fees
- Mass. Gen. Laws ch. 156D, § 1.23— Effective time and date of document
- Mass. Gen. Laws ch. 156D, § 1.24— Correcting filed document
- Mass. Gen. Laws ch. 156D, § 1.25— Filing duty of secretary of state
- Mass. Gen. Laws ch. 156D, § 1.26— Appeal from secretary of state's refusal to file document
- Mass. Gen. Laws ch. 156D, § 1.27— Evidentiary effect of copy of filed document
- Mass. Gen. Laws ch. 156D, § 1.28— Certificates regarding corporations
- Mass. Gen. Laws ch. 156D, § 1.29— Penalty for signing false document
- Mass. Gen. Laws ch. 156D, § 1.30— Powers
- Mass. Gen. Laws ch. 156D, § 1.40— Chapter definitions
- Mass. Gen. Laws ch. 156D, § 1.41— Notice
- Mass. Gen. Laws ch. 156D, § 1.42— Number of shareholders
- Mass. Gen. Laws ch. 156D, § 1.50— Interpretation of chapter
- Mass. Gen. Laws ch. 156D, § 2.01— Incorporators
- Mass. Gen. Laws ch. 156D, § 2.02— Articles of organization
- Mass. Gen. Laws ch. 156D, § 2.03— Incorporation
- Mass. Gen. Laws ch. 156D, § 2.04— Liability for pre-incorporation transactions
- Mass. Gen. Laws ch. 156D, § 2.05— Organization of corporation
- Mass. Gen. Laws ch. 156D, § 2.06— Bylaws
- Mass. Gen. Laws ch. 156D, § 2.07— Emergency bylaws
- Mass. Gen. Laws ch. 156D, § 3.01— Purposes
- Mass. Gen. Laws ch. 156D, § 3.02— General powers
- Mass. Gen. Laws ch. 156D, § 3.03— Emergency powers
- Mass. Gen. Laws ch. 156D, § 3.04— Ultra vires
- Mass. Gen. Laws ch. 156D, § 4.01— Corporate name
- Mass. Gen. Laws ch. 156D, § 4.02— Reserved name
- Mass. Gen. Laws ch. 156D, § 5.01— Registered office and registered agent
- Mass. Gen. Laws ch. 156D, § 5.02— Change of registered office or registered agent
- Mass. Gen. Laws ch. 156D, § 5.03— Resignation of registered agent
- Mass. Gen. Laws ch. 156D, § 5.04— Service on corporation
- Mass. Gen. Laws ch. 156D, § 6.01— Authorized shares
- Mass. Gen. Laws ch. 156D, § 6.02— Determination of terms of class or series
- Mass. Gen. Laws ch. 156D, § 6.03— Issued and outstanding shares
- Mass. Gen. Laws ch. 156D, § 6.04— Fractional shares
- Mass. Gen. Laws ch. 156D, § 6.20— Subscription for shares before incorporation
- Mass. Gen. Laws ch. 156D, § 6.21— Issuance of shares
- Mass. Gen. Laws ch. 156D, § 6.22— Liability of shareholders
- Mass. Gen. Laws ch. 156D, § 6.23— Share dividends
- Mass. Gen. Laws ch. 156D, § 6.24— Share options
- Mass. Gen. Laws ch. 156D, § 6.25— Form and content of certificates
- Mass. Gen. Laws ch. 156D, § 6.26— Shares without certificates
- Mass. Gen. Laws ch. 156D, § 6.27— Restriction on transfer of shares and other securities
- Mass. Gen. Laws ch. 156D, § 6.30— Shareholders' preemptive rights
- Mass. Gen. Laws ch. 156D, § 6.31— Corporation's acquisition of its own shares
- Mass. Gen. Laws ch. 156D, § 6.40— Distributions to shareholders
- Mass. Gen. Laws ch. 156D, § 6.41— Liability for improper distributions
- Mass. Gen. Laws ch. 156D, § 7.01— Annual meeting
- Mass. Gen. Laws ch. 156D, § 7.02— Special meeting
- Mass. Gen. Laws ch. 156D, § 7.03— Court-ordered meeting
- Mass. Gen. Laws ch. 156D, § 7.04— Action without meeting
- Mass. Gen. Laws ch. 156D, § 7.05— Notice of meeting
- Mass. Gen. Laws ch. 156D, § 7.06— Waiver of notice
- Mass. Gen. Laws ch. 156D, § 7.07— Record date
- Mass. Gen. Laws ch. 156D, § 7.08— Meetings by remote communications; remote participation in meetings
- Mass. Gen. Laws ch. 156D, § 7.20— Shareholders list for meeting
- Mass. Gen. Laws ch. 156D, § 7.21— Voting entitlement of shares
- Mass. Gen. Laws ch. 156D, § 7.22— Proxies
- Mass. Gen. Laws ch. 156D, § 7.23— Shares held by nominees
- Mass. Gen. Laws ch. 156D, § 7.24— Corporation's acceptance of votes
- Mass. Gen. Laws ch. 156D, § 7.25— Quorum and voting requirements for voting groups
- Mass. Gen. Laws ch. 156D, § 7.26— Action by single and multiple voting groups
- Mass. Gen. Laws ch. 156D, § 7.27— Greater or lesser quorum or voting requirements for shareholders
- Mass. Gen. Laws ch. 156D, § 7.28— Voting for directors; cumulative voting
- Mass. Gen. Laws ch. 156D, § 7.29— Form of shareholder action
- Mass. Gen. Laws ch. 156D, § 7.30— Voting trusts
- Mass. Gen. Laws ch. 156D, § 7.31— Voting agreements
- Mass. Gen. Laws ch. 156D, § 7.32— Shareholder agreements
- Mass. Gen. Laws ch. 156D, § 7.40— Subdivision definitions
- Mass. Gen. Laws ch. 156D, § 7.41— Standing
- Mass. Gen. Laws ch. 156D, § 7.42— Demand
- Mass. Gen. Laws ch. 156D, § 7.43— Stay of proceedings
- Mass. Gen. Laws ch. 156D, § 7.44— Dismissal
- Mass. Gen. Laws ch. 156D, § 7.45— Discontinuance or settlement
- Mass. Gen. Laws ch. 156D, § 7.46— Payment of expenses
- Mass. Gen. Laws ch. 156D, § 7.47— Applicability to foreign corporations
- Mass. Gen. Laws ch. 156D, § 8.01— Requirement for and duties of board of directors
- Mass. Gen. Laws ch. 156D, § 8.02— Qualifications of directors
- Mass. Gen. Laws ch. 156D, § 8.03— Number and election of directors
- Mass. Gen. Laws ch. 156D, § 8.04— Election of directors by certain classes of shareholders
- Mass. Gen. Laws ch. 156D, § 8.05— Terms of directors generally
- Mass. Gen. Laws ch. 156D, § 8.06— Staggered terms for directors
- Mass. Gen. Laws ch. 156D, § 8.07— Resignation of directors
- Mass. Gen. Laws ch. 156D, § 8.08— Removal of directors
- Mass. Gen. Laws ch. 156D, § 8.09— [There is no 156D:8.09.]
- Mass. Gen. Laws ch. 156D, § 8.10— Vacancy on board
- Mass. Gen. Laws ch. 156D, § 8.11— Compensation of directors
- Mass. Gen. Laws ch. 156D, § 8.20— Meetings
- Mass. Gen. Laws ch. 156D, § 8.21— Action without meeting
- Mass. Gen. Laws ch. 156D, § 8.22— Notice of meeting
- Mass. Gen. Laws ch. 156D, § 8.23— Waiver of notice
- Mass. Gen. Laws ch. 156D, § 8.24— Quorum and voting
- Mass. Gen. Laws ch. 156D, § 8.25— Committees
- Mass. Gen. Laws ch. 156D, § 8.30— General standards for directors
- Mass. Gen. Laws ch. 156D, § 8.31— Director conflict of interest
- Mass. Gen. Laws ch. 156D, § 8.32— Loans to directors
- Mass. Gen. Laws ch. 156D, § 8.40— Required officers
- Mass. Gen. Laws ch. 156D, § 8.41— Duties of officers
- Mass. Gen. Laws ch. 156D, § 8.42— Standards of conduct for officers
- Mass. Gen. Laws ch. 156D, § 8.43— Resignation and removal of officers
- Mass. Gen. Laws ch. 156D, § 8.44— Contract rights of officers
- Mass. Gen. Laws ch. 156D, § 8.45— Certificate of change in officers or directors
- Mass. Gen. Laws ch. 156D, § 8.46— Instruments affecting real estate
- Mass. Gen. Laws ch. 156D, § 8.50— Subdivision definitions
- Mass. Gen. Laws ch. 156D, § 8.51— Permissible indemnification
- Mass. Gen. Laws ch. 156D, § 8.52— Mandatory indemnification
- Mass. Gen. Laws ch. 156D, § 8.53— Advance for expenses
- Mass. Gen. Laws ch. 156D, § 8.54— Court-ordered indemnification and advance for expenses
- Mass. Gen. Laws ch. 156D, § 8.55— Determination and authorization of indemnification
- Mass. Gen. Laws ch. 156D, § 8.56— Officers
- Mass. Gen. Laws ch. 156D, § 8.57— Insurance
- Mass. Gen. Laws ch. 156D, § 8.58— Variation by corporate action; application of subchapter
- Mass. Gen. Laws ch. 156D, § 8.59— Exclusivity of subdivision
- Mass. Gen. Laws ch. 156D, § 9.20— Domestication
- Mass. Gen. Laws ch. 156D, § 9.21— Action on a plan of domestication
- Mass. Gen. Laws ch. 156D, § 9.22— Articles of domestication
- Mass. Gen. Laws ch. 156D, § 9.23— Surrender of charter upon domestication
- Mass. Gen. Laws ch. 156D, § 9.24— Effect of domestication
- Mass. Gen. Laws ch. 156D, § 9.25— Abandonment of a domestication
- Mass. Gen. Laws ch. 156D, § 9.30— Nonprofit conversion
- Mass. Gen. Laws ch. 156D, § 9.31— Action on a plan of nonprofit conversion
- Mass. Gen. Laws ch. 156D, § 9.32— Articles of nonprofit conversion
- Mass. Gen. Laws ch. 156D, § 9.33— Surrender of charter upon foreign nonprofit conversion
- Mass. Gen. Laws ch. 156D, § 9.34— Effect of nonprofit conversion
- Mass. Gen. Laws ch. 156D, § 9.35— Abandonment of a nonprofit conversion
- Mass. Gen. Laws ch. 156D, § 9.40— Foreign nonprofit domestication and conversion
- Mass. Gen. Laws ch. 156D, § 9.41— Articles of domestication and conversion
- Mass. Gen. Laws ch. 156D, § 9.42— Effect of foreign nonprofit domestication and conversion
- Mass. Gen. Laws ch. 156D, § 9.43— Abandonment of a foreign nonprofit domestication and conversion
- Mass. Gen. Laws ch. 156D, § 9.50— Entity conversion authorized; definitions
- Mass. Gen. Laws ch. 156D, § 9.51— Plan of entity conversion
- Mass. Gen. Laws ch. 156D, § 9.52— Action on a plan of entity conversion
- Mass. Gen. Laws ch. 156D, § 9.53— Articles of entity conversion
- Mass. Gen. Laws ch. 156D, § 9.54— Surrender of charter upon conversion
- Mass. Gen. Laws ch. 156D, § 9.55— Effect of entity conversion
- Mass. Gen. Laws ch. 156D, § 9.56— Abandonment of an entity conversion
- Mass. Gen. Laws ch. 156D, § 10.01— Authority to amend
- Mass. Gen. Laws ch. 156D, § 10.02— Amendment before issuance of shares
- Mass. Gen. Laws ch. 156D, § 10.03— Amendment by board of directors and shareholders; exception
- Mass. Gen. Laws ch. 156D, § 10.04— Voting on amendments by voting groups
- Mass. Gen. Laws ch. 156D, § 10.05— Amendment by board of directors
- Mass. Gen. Laws ch. 156D, § 10.06— Articles of amendment
- Mass. Gen. Laws ch. 156D, § 10.07— Restated articles of organization
- Mass. Gen. Laws ch. 156D, § 10.08— Effect of amendment
- Mass. Gen. Laws ch. 156D, § 10.20— Amendment by board of directors or shareholders
- Mass. Gen. Laws ch. 156D, § 10.21— Bylaw dealing with quorum or voting requirements for shareholders
- Mass. Gen. Laws ch. 156D, § 10.22— Bylaw dealing with quorum or voting requirements for board of directors
- Mass. Gen. Laws ch. 156D, § 11.01— Definitions
- Mass. Gen. Laws ch. 156D, § 11.02— Merger
- Mass. Gen. Laws ch. 156D, § 11.03— Share exchange
- Mass. Gen. Laws ch. 156D, § 11.04— Action on a plan of merger or share exchange
- Mass. Gen. Laws ch. 156D, § 11.05— Merger between parent and subsidiary or between subsidiaries
- Mass. Gen. Laws ch. 156D, § 11.06— Articles of merger or share exchange
- Mass. Gen. Laws ch. 156D, § 11.07— Effect of merger or share exchange
- Mass. Gen. Laws ch. 156D, § 11.08— Abandonment of a merger or share exchange
- Mass. Gen. Laws ch. 156D, § 12.01— Sale of assets in regular course of business and mortgage of assets
- Mass. Gen. Laws ch. 156D, § 12.02— Sale of assets other than in regular course of business
- Mass. Gen. Laws ch. 156D, § 13.01— Definitions
- Mass. Gen. Laws ch. 156D, § 13.02— Right to appraisal
- Mass. Gen. Laws ch. 156D, § 13.03— Assertion of rights by nominees and beneficial owners
- Mass. Gen. Laws ch. 156D, § 13.20— Notice of appraisal rights
- Mass. Gen. Laws ch. 156D, § 13.21— Notice of intent to demand payment
- Mass. Gen. Laws ch. 156D, § 13.22— Appraisal notice and form
- Mass. Gen. Laws ch. 156D, § 13.23— Perfection of rights; right to withdraw
- Mass. Gen. Laws ch. 156D, § 13.24— Payment
- Mass. Gen. Laws ch. 156D, § 13.25— After-acquired shares
- Mass. Gen. Laws ch. 156D, § 13.26— Procedure if shareholder dissatisfied with payment or offer
- Mass. Gen. Laws ch. 156D, § 13.30— Court action
- Mass. Gen. Laws ch. 156D, § 13.31— Court costs and counsel fees
- Mass. Gen. Laws ch. 156D, § 14.01— Dissolution by incorporators or initial directors
- Mass. Gen. Laws ch. 156D, § 14.02— Dissolution by board of directors and shareholders, or otherwise in accordance with articles of organization
- Mass. Gen. Laws ch. 156D, § 14.03— Articles of dissolution
- Mass. Gen. Laws ch. 156D, § 14.04— Revocation of dissolution
- Mass. Gen. Laws ch. 156D, § 14.05— Effect of dissolution
- Mass. Gen. Laws ch. 156D, § 14.06— Known non-contingent claims against dissolved corporation
- Mass. Gen. Laws ch. 156D, § 14.07— Unknown claims against dissolved corporation
- Mass. Gen. Laws ch. 156D, § 14.08— Creation of reserves as adequate provision for unasserted product liability claims and known contingent claims against dissolved corporation
- Mass. Gen. Laws ch. 156D, § 14.09— Enforcement of claims against dissolved corporation
- Mass. Gen. Laws ch. 156D, § 14.20— Grounds for administrative dissolution
- Mass. Gen. Laws ch. 156D, § 14.21— Procedure for and effect of administrative dissolution
- Mass. Gen. Laws ch. 156D, § 14.22— Reinstatement following administrative dissolution
- Mass. Gen. Laws ch. 156D, § 14.23— Appeal from denial of reinstatement
- Mass. Gen. Laws ch. 156D, § 14.30— Grounds for judicial dissolution
- Mass. Gen. Laws ch. 156D, § 14.31— Procedure for judicial dissolution
- Mass. Gen. Laws ch. 156D, § 14.32— Receivership or custodianship
- Mass. Gen. Laws ch. 156D, § 14.33— Decree of dissolution
- Mass. Gen. Laws ch. 156D, § 14.34— Reorganization under a statute of the United States; effectuation
- Mass. Gen. Laws ch. 156D, § 14.40— Deposit with treasurer of the commonwealth
- Mass. Gen. Laws ch. 156D, § 15.01— Authority to transact business required
- Mass. Gen. Laws ch. 156D, § 15.02— Consequences of transacting business without authority
- Mass. Gen. Laws ch. 156D, § 15.03— Delivering certificate by foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.04— Amended certificate
- Mass. Gen. Laws ch. 156D, § 15.05— Effect of filing of certificate
- Mass. Gen. Laws ch. 156D, § 15.06— Corporate name of foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.07— Registered office and registered agent of foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.08— Change of registered office or registered agent of foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.09— Resignation of registered agent of foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.10— Liability to be sued; service on foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.11— False reports or statements
- Mass. Gen. Laws ch. 156D, § 15.20— Withdrawal of foreign corporation
- Mass. Gen. Laws ch. 156D, § 15.21— Automatic withdrawal upon certain conversions
- Mass. Gen. Laws ch. 156D, § 15.22— Withdrawal upon conversion to a nonfiling entity
- Mass. Gen. Laws ch. 156D, § 15.23— Transfer of authority
- Mass. Gen. Laws ch. 156D, § 15.30— Grounds for revocation
- Mass. Gen. Laws ch. 156D, § 15.31— Procedure for and effect of revocation
- Mass. Gen. Laws ch. 156D, § 15.32— Appeal from revocation
- Mass. Gen. Laws ch. 156D, § 16.01— Corporate records
- Mass. Gen. Laws ch. 156D, § 16.02— Inspection of records by shareholders
- Mass. Gen. Laws ch. 156D, § 16.03— Scope of inspection right
- Mass. Gen. Laws ch. 156D, § 16.04— Court-ordered inspection
- Mass. Gen. Laws ch. 156D, § 16.05— Inspection of records by directors
- Mass. Gen. Laws ch. 156D, § 16.06— Exception to notice requirement; consequences of inability to deliver notice
- Mass. Gen. Laws ch. 156D, § 16.20— Financial statement for shareholders
- Mass. Gen. Laws ch. 156D, § 16.21— By-law amendments
- Mass. Gen. Laws ch. 156D, § 16.22— Annual report for secretary of state
- Mass. Gen. Laws ch. 156D, § 17.01— Application to existing domestic corporations
- Mass. Gen. Laws ch. 156D, § 17.02— Application to qualified foreign corporations
- Mass. Gen. Laws ch. 156D, § 17.03— Saving provisions
- Mass. Gen. Laws ch. 156D, § 17.04— Severability