Mass. Gen. Laws ch. 156B § 18
Current through Chapter 223 of the 2024 Legislative Session
Capital stock may be issued for cash, tangible or intangible property, services, or for a debt, note or expenses. Stock having par value shall not be issued for cash, property, services or expenses worth less than the par value. For the purpose of the second sentence, a debt or note of the purchaser secured or unsecured shall not be considered property.
Mass. Gen. Laws ch. 156B, § 18