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Mass. Gen. Laws ch. 158, § 19

Selection of directors, clerk, treasurer and other agents and officers; term

The directors, clerk and treasurer shall be chosen annually by the stockholders by ballot, and shall hold office for one year and until others are chosen and qualified in their stead. The manner of choosing or appointing all other agents and officers, and of filling all vacancies, shall be prescribed by the by-laws.

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