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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 176p - Limited Societies
Section 26 - Separation of Assets, Funds and Liabilities
Universal Citation: MA Gen L ch 176p § 26 (2019)
Section 26. The separation of assets, funds and liabilities required by section 25 shall not be terminated, rescinded or modified, nor shall the funds be diverted for any use other than as specified in section 25, as long as any certificates issued under sections 23 to 28, inclusive, remain in force. This requirement shall be recognized and enforced in any liquidation, reinsurance, merger or other change in the condition or status of the society.
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