Massachusetts Statutes
§ 4 — Number of incorporators; capital
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 158 CERTAIN MISCELLANEOUS CORPORATIONS
Section 4. For the purpose of carrying on any other lawful business for which corporations may be formed under this chapter, three or more persons may associate themselves, with a capital of not less than one thousand dollars. The capital of such companies other than gas and electric companies shall not exceed one million dollars.
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