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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 179 PROPRIETORS OF WHARVES, REAL ESTATE LYING IN COMMON, AND GENERAL FIELDS
  5. Section 16 Termination of corporation

Section 16

Section 16: Termination of corporation

Section 16. A final division of the common property shall not dissolve the corporation until the expiration of ten years thereafter; but the proprietors at the time of the division and their heirs shall retain their corporate powers for the purpose of collecting all assessments, debts and effects due or belonging to the corporation, and shall be liable for its debts.