2017 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
Chapter 158 CERTAIN MISCELLANEOUS CORPORATIONS
Section 32 Commencement of business; payment of capital stock

Universal Citation: MA Gen L ch 158 § 32 (2017)

Section 32. A corporation shall not begin business until the whole amount of its capital stock has been paid in and a certificate of that fact, and of the manner in which the same has been paid in and, at the time of making the certificate, been invested or voted by the corporation to be invested, signed and sworn to by the president, treasurer and a majority of the directors, has been filed in the office of the state secretary.

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