Massachusetts § 46 Stockholder's action; qualifications of plaintiff

Massachusetts Statutes

§ 46 — Stockholder's action; qualifications of plaintiff

Massachusetts § 46

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156BCERTAIN BUSINESS CORPORATIONS

This text of Massachusetts § 46 (Stockholder's action; qualifications of plaintiff) 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, § 46 (2026).

Text

Section 46. No stockholder shall institute or maintain any suit or proceeding in the right of the corporation against stockholders, directors or officers of the corporation as such, based on liability under this chapter or otherwise with respect to any alleged act or default of such stockholders, directors or officers unless the stockholder owned stock in the corporation at the time of the act or default complained of or his stock devolved upon him thereafter by operation of law from one who was a stockholder at such time.

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Section 46. No stockholder shall institute or maintain any suit or proceeding in the right of the corporation against stockholders, directors or officers of the corporation as such, based on liability under this chapter or otherwise with respect to any alleged act or default of such stockholders, directors or officers unless the stockholder owned stock in the corporation at the time of the act or default complained of or his stock devolved upon him thereafter by operation of law from one who was a stockholder at such time.

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Bluebook (online)

Massachusetts § 46, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156B/46.