Section 15. If action required by section 12 or 13 is not taken within the prescribed time period, or it shall be established that a professional corporation has failed to comply with this chapter, the state secretary may dissolve the corporation in accordance with section 14.21 of subdivision B of Part 14 of chapter 156D. The state secretary may also dissolve a professional corporation upon receipt of a certificate from any regulating board with jurisdiction stating that such corporation has failed to comply with the requirements of such board so as to give due cause for its dissolution, which certificate shall recite pertinent facts to support the requested dissolution. A copy of such certificate shall be given to such corporation at least sixty days in advance of said dissolution.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 156a - Professional Corporations
Section 3 - Professional Services Provided
Section 4 - Applicable Provisions; Powers and Duties
Section 5 - Rendition of Professional Services; Construction of Chapter
Section 6 - Shareholder Liability; Professional Relationship; Privileged Communications
Section 7 - Organization; Content of Articles of Organization
Section 9 - Licensing of Directors and Officers
Section 10 - Issue or Transfer of Shares, or Rights or Options to Purchase
Section 11 - Proxies; Voting Trusts
Section 12 - Purchase or Redemption of Shares by Corporation; Contingencies; Time
Section 13 - Liquidation, Dissolution or Merger of Corporation
Section 14 - Merger Into or Consolidation With Business Corporation
Section 16 - Merger or Consolidation With Another Corporation
Section 17 - Foreign Professional Corporations; Registration