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December 22, 2024 Clear | 13°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 158 CERTAIN MISCELLANEOUS CORPORATIONS
  5. Section 4 Number of incorporators; capital

Section 4

Section 4: Number of incorporators; capital

Section 4. For the purpose of carrying on any other lawful business for which corporations may be formed under this chapter, three or more persons may associate themselves, with a capital of not less than one thousand dollars. The capital of such companies other than gas and electric companies shall not exceed one million dollars.