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December 29, 2025 Mist | 40°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 165 WATER AND AQUEDUCT COMPANIES
  5. Section 23 Interest of shareholders in real property after dissolution

Section 23

Section 23: Interest of shareholders in real property after dissolution

Section 23. If the corporation at its dissolution is seized of real estate, the proprietors shall become tenants in common thereof in proportion to their respective shares or interests in the stock of the corporation.