Massachusetts § 46 Conditions to liability

Massachusetts Statutes

§ 46 — Conditions to liability

Massachusetts § 46

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 158CERTAIN MISCELLANEOUS CORPORATIONS

This text of Massachusetts § 46 (Conditions to liability) 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, § 46 (2026).

Text

Section 46. A stockholder or officer in a corporation shall not be held liable for its debts or contracts unless a judgment has been recovered against it and it has neglected for thirty days after demand made on execution to pay the amount due, with the officer's fees, or to exhibit to him real or personal property of the corporation subject to be taken on execution, sufficient to satisfy the same, and the execution has been returned unsatisfied.

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Section 46. A stockholder or officer in a corporation shall not be held liable for its debts or contracts unless a judgment has been recovered against it and it has neglected for thirty days after demand made on execution to pay the amount due, with the officer's fees, or to exhibit to him real or personal property of the corporation subject to be taken on execution, sufficient to satisfy the same, and the execution has been returned unsatisfied.

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Massachusetts § 46, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/158/46.