Massachusetts § 26 Employees' stock; issuance

Massachusetts Statutes

§ 26 — Employees' stock; issuance

Massachusetts § 26

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 158CERTAIN MISCELLANEOUS CORPORATIONS

This text of Massachusetts § 26 (Employees' stock; issuance) 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. 158, § 26 (2026).

Text

Section 26. A corporation may, by a vote of its general stockholders at a meeting called for the purpose, issue employees' stock to be held only by the employees of such corporation. The par value of the shares of such employees' stock shall be ten dollars, and the purchasers thereof may pay for them in monthly instalments of one dollar upon each share. The total amount of such employees' stock outstanding at any time shall not exceed two fifths of the actual capital paid in on the general and employees' stock.

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

Section 26. A corporation may, by a vote of its general stockholders at a meeting called for the purpose, issue employees' stock to be held only by the employees of such corporation. The par value of the shares of such employees' stock shall be ten dollars, and the purchasers thereof may pay for them in monthly instalments of one dollar upon each share. The total amount of such employees' stock outstanding at any time shall not exceed two fifths of the actual capital paid in on the general and employees' stock.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Massachusetts § 26, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/158/26.