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April 16, 2024 Clouds | 67°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 156B CERTAIN BUSINESS CORPORATIONS
  5. Section 23 Stockholders' liability for issued stock

Section 23

Section 23: Stockholders' liability for issued stock

Section 23. Shares of stock issued in accordance with section twenty-one shall, except for unpaid instalments on instalment stock issued pursuant to section nineteen, be fully paid stock and not liable to any further call or assessment thereon.