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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 155 - General Provisions Relative to Corporations
Section 7 - Content of By-Laws
Universal Citation: MA Gen L ch 155 § 7 (2019)
Section 7. Every corporation, except those governed by chapter one hundred and fifty-six, may by its by-laws, except as otherwise expressly provided, determine the manner of calling and conducting its meetings; the number of members which shall constitute a quorum; the number of shares which shall entitle the members to one or more votes; the mode of voting by proxy; the mode of selling shares for the payment of assessments; and the tenure of office of the several officers; and may annex suitable penalties to such by-laws, not exceeding twenty dollars for one offence; but no by-law inconsistent with law shall be made by a corporation.
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