Massachusetts § 6 Articles of organization

Massachusetts Statutes

§ 6 — Articles of organization

Massachusetts § 6

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 157BCOOPERATIVE HOUSING CORPORATIONS

This text of Massachusetts § 6 (Articles of organization) 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. 157B, § 6 (2026).

Text

Section 6. Three or more persons, residents of the commonwealth, may organize a cooperative corporation by filing articles of organization with the secretary of the commonwealth. The articles must meet the requirements of chapter one hundred and fifty-six B, and, in addition, shall state:

(1)whether transfer of its stock is restricted;

(2)whether or not it shall be authorized to pay dividends on its stock, but no cooperative corporation may pay a dividend of more than ten per cent, noncumulative, upon its stock;

(3)whether the transfer value of its stock is restricted.

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Section 6. Three or more persons, residents of the commonwealth, may organize a cooperative corporation by filing articles of organization with the secretary of the commonwealth. The articles must meet the requirements of chapter one hundred and fifty-six B, and, in addition, shall state:(1) whether transfer of its stock is restricted;(2) whether or not it shall be authorized to pay dividends on its stock, but no cooperative corporation may pay a dividend of more than ten per cent, noncumulative, upon its stock;(3) whether the transfer value of its stock is restricted.

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Massachusetts § 6, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/157B/6.