Massachusetts § 1.42 Number of shareholders

Massachusetts Statutes

§ 1.42 — Number of shareholders

Massachusetts § 1.42

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156DBUSINESS CORPORATIONS

This text of Massachusetts § 1.42 (Number of shareholders) 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. 156D, § 1.42 (2026).

Text

Section 1.42. NUMBER OF SHAREHOLDERS(a) For purposes of this chapter, except as provided in subsection (c), the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:

(1)three or fewer co-owners;

(2)a corporation, partnership, trust, estate, or other entity;

(3)the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

(b)For purposes of this chapter, shareholders registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

(c)For purposes of this chapter, each beneficial owner of shares registered in the name of a nominee in a corporation's current record of shareholders constitutes one shareholder.

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

Section 1.42. NUMBER OF SHAREHOLDERS(a) For purposes of this chapter, except as provided in subsection (c), the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:(1) three or fewer co-owners;(2) a corporation, partnership, trust, estate, or other entity;(3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.(b) For purposes of this chapter, shareholders registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.(c) For purposes of this chapter, each beneficial owner of shares registered in the name of a nominee in a corporation's current record of shareholders constitutes one shareholder.