Massachusetts Statutes
§ 18 — Management by officers; selection of president
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 158 CERTAIN MISCELLANEOUS CORPORATIONS
Section 18. The business of every corporation shall be managed and conducted by a president, a board of not less than three directors, a clerk, treasurer and such other officers and agents as the corporation authorizes for that purpose. The directors shall choose one of their number as president.
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