Massachusetts § 22 Terms of payment; demand; notice of payment due

Massachusetts Statutes

§ 22 — Terms of payment; demand; notice of payment due

Massachusetts § 22

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156BCERTAIN BUSINESS CORPORATIONS

This text of Massachusetts § 22 (Terms of payment; demand; notice of payment due) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 156B, § 22 (2026).

Text

Section 22. In the case of capital stock authorized to be issued for cash, whether or not to be paid in full before issue, the directors may require payment in such proportions and at such times and places as they deem proper, by making demand therefor according to the by-laws, or, in the absence of such by-law, by notice mailed to each subscriber or stockholder at least seven days before his subscription or any portion thereof, or any instalment due upon stock already issued, is payable.

Free access — add to your briefcase to read the full text and ask questions with AI

Section 22. In the case of capital stock authorized to be issued for cash, whether or not to be paid in full before issue, the directors may require payment in such proportions and at such times and places as they deem proper, by making demand therefor according to the by-laws, or, in the absence of such by-law, by notice mailed to each subscriber or stockholder at least seven days before his subscription or any portion thereof, or any instalment due upon stock already issued, is payable.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Massachusetts § 22, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156B/22.