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General Laws of Massachusetts - Chapter 156B Certain Business Corporations. - Section 1 Citation of chapter

Legal Research Home > Massachusetts Laws

Section 18. Capital stock may be issued for cash, tangible or intangible property, services, or for a debt, note or expenses. Stock having par value shall not be issued for cash, property, services or expenses worth less than the par value. For the purpose of the second sentence, a debt or note of the purchaser secured or unsecured shall not be considered property.

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Last modified: March 17, 2010