Mass. Gen. Laws ch. 179 § 16

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 179:16 - Termination of corporation

A final division of the common property shall not dissolve the corporation until the expiration of ten years thereafter; but the proprietors at the time of the division and their heirs shall retain their corporate powers for the purpose of collecting all assessments, debts and effects due or belonging to the corporation, and shall be liable for its debts.

Mass. Gen. Laws ch. 179, § 16