Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 27 of chapter 156B of the General Laws, as appearing in the 1986 Official Edition, is hereby amended by striking out subsection (a) and inserting in place thereof the following subsection:-
(a) The shares of a corporation shall be represented by certificates or shall be uncertificated shares. Each such certificate shall be signed by the chairman of the board of directors, the president or a vice president and by the treasurer or an assistant treasurer. Such signatures may be facsimiles if the certificate is signed by a transfer agent, or by a registrar, other than a director, officer or employee of the corporation. In case any officer who has signed or whose facsimile signature has been placed on such certificate shall have ceased to be such officer before such certificate is issued, it may be issued by the corporation with the same effect as if he were such officer at the time of its issue.