Mass. Gen. Laws ch. 170 § 16

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 170:16 - Assistant treasurer; quorum; by-laws

Such corporation may provide in its by-laws for assistant treasurers. An assistant treasurer may perform all the duties of the treasurer.

Such corporation may adopt by-laws for the proper management of its affairs and as appropriate to exercise all powers necessary, convenient or incidental to the purposes for which the corporation was formed. The corporation may establish regulations controlling the assignment and transfer of its shares. A majority in interest of the stockholders entitled to vote shall constitute a quorum at any meeting unless the by-laws require more than a majority.

Mass. Gen. Laws ch. 170, § 16

Entire chapter amended by Acts 2014, c. 482,§ 55, eff. 4/7/2015.
This section is similar to former section 170:12. .