Massachusetts § 29 Assessment upon shares

Massachusetts Statutes

§ 29 — Assessment upon shares

Massachusetts § 29

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 158CERTAIN MISCELLANEOUS CORPORATIONS

This text of Massachusetts § 29 (Assessment upon shares) 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, § 29 (2026).

Text

Section 29. Every corporation may, from time to time at a legal meeting called for the purpose, assess upon each share such amount of money as it considers proper, not exceeding in the whole the par value thereof, unless the price is fixed as provided by section eighteen of chapter one hundred and sixty-four or section seven of chapter one hundred and sixty-six, and, in such case, not exceeding said price. Such assessment shall be paid to the treasurer at such times and by such instalments as the corporation directs.

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Section 29. Every corporation may, from time to time at a legal meeting called for the purpose, assess upon each share such amount of money as it considers proper, not exceeding in the whole the par value thereof, unless the price is fixed as provided by section eighteen of chapter one hundred and sixty-four or section seven of chapter one hundred and sixty-six, and, in such case, not exceeding said price. Such assessment shall be paid to the treasurer at such times and by such instalments as the corporation directs.

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Massachusetts § 29, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/158/29.