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October 07, 2026 Clear | 43°F
The 194th General Court of the Commonwealth of Massachusetts

Section 15.21

Section 15.21: Automatic withdrawal upon certain conversions

Section 15.21. AUTOMATIC WITHDRAWAL UPON CERTAIN CONVERSIONS

A foreign business corporation authorized to transact business in the commonwealth that converts into a domestic nonprofit corporation or any form of domestic filing entity shall be considered to have withdrawn on the effective date of the conversion.