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January 21, 2025 Clouds | 17°F
The 194th General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 155 GENERAL PROVISIONS RELATIVE TO CORPORATIONS
  5. Section 17 Issue at less than par

Section 17

Section 17: Issue at less than par

Section 17. No corporation shall issue a share for a less amount to be actually paid in thereon than the par value of the shares at the date of issue.