Mass. Gen. Laws ch. 158 § 54

Current through Chapter 112 of the 2024 Legislative Session
Section 158:54 - Defense by officer or stockholder of action against corporation

If, in an action against a corporation, it appears to the court that one of the objects of the action is to obtain a judgment against the corporation in order to enforce an alleged liability of a person who has been or is a stockholder or officer thereof, any such person may be permitted, on petition, to defend such action, and in such case the court may require of him or of a person in his behalf, a bond with sufficient surety or sureties, conditioned to pay to the plaintiff all costs which may accrue and be taxed to him after the filing of said petition.

Mass. Gen. Laws ch. 158, § 54