Massachusetts General Laws
Chapter 155 - General Provisions Relative to Corporations
Section 17 - Issue at Less Than Par

Massachusetts General Laws

Part I - Administration of the Government

Title XXII - Corporations

Chapter 155 - General Provisions Relative to Corporations

Section 1 - Application of Chapter; Secretary Defined

Section 2 - Examination of Certificates and Reports by State Secretary; Records; Reports

Section 2b - Clinics, Hospitals, Rest Homes, etc., Approval of Articles of Organization and Amendments

Section 3 - Acts of Incorporation and Corporate Organizations Subject to Legislative Action

Section 3a - Public Service Corporations; Deposit of Funds

Section 4 - Public Service Corporations; Misleading Use of Names or Titles

Section 5 - Violations of Sec. 4; Investigation; Penalties; Injunction

Section 5a - Allowances for Depreciation Ordered Set Aside by Department of Utilities or Department of Telecommunications and Cable

Section 6 - General Powers

Section 7 - Content of By-Laws

Section 8 - Conveyance of Land

Section 9 - Name of Corporation; Exception

Section 9a - Reservation of Corporate Name

Section 10 - Change of Name

Section 11 - Unauthorized Business; Restraint by Injunction

Section 12 - Free Hospital Beds for Employees of Corporation; Appropriation

Section 12a - Contributions to Communities

Section 12b - Reciprocal Insurance Contracts; Exchanges

Section 12c - Contributions for Charitable, Scientific or Educational Purposes

Section 13 - Chartered Corporations; Time for Organization; Commencement of Corporate Existence

Section 14 - First Meeting; Holders of Privileges Prior to Organization

Section 15 - Failure, Refusal or Neglect to Call Meeting; Alternative Method

Section 16 - Par Value of Common and Preferred Shares

Section 17 - Issue at Less Than Par

Section 18 - Preferred Stock; Amount; Preferences and Voting Powers; Exceptions

Section 19 - Preferred Stock; Content of Certificate

Section 20 - Increase of Capital Stock; Notice of Vote; Disposition of New Shares

Section 21 - Voting Rights, Etc. of Persons in Representative or Fiduciary Capacity

Section 22 - Records Available for Inspection by Shareholders; Record Date of Right to Vote or to Other Rights

Section 23 - Shareholders List; Filing; Failure to File

Section 45 - Record Transfer of Stock Not Paid For

Section 46 - New Certificates Upon Transfer or Pledge

Section 47 - Publication of Unclaimed Dividend List

Section 48 - False Statements; Penalty

Section 49 - Statement Required by Foreign Law; Penalty for Falsifying

Section 50 - Voluntary Dissolution

Section 50a - Failure to File Reports or Returns; Application of Secretary or Commissioner to Dissolve

Section 51 - Continuation to Close Affairs

Section 51a - Distribution of Assets on Petition; Notice; Liability of Directors

Section 52 - Appointment of Receivers; Powers; Term

Section 53 - Payment of Debts; Distribution of Surplus

Section 54 - Surrender of Certificate of Incorporation; Notice

Section 55 - Return to State Secretary of Decree of Dissolution

Section 56 - Revival of Corporations Dissolved Under Provisions of Sec. 50a