§ 21 — Continuing liability on contracts after dissolution

Massachusetts § 21

• Jurisdiction: Massachusetts
• Part I: ADMINISTRATION OF THE GOVERNMENT
• Title XXII: CORPORATIONS
• Ch. 165: WATER AND AQUEDUCT COMPANIES

Text

Section 21. Contracts made by or with such a corporation shall remain in force after its dissolution, and the shareholders at such dissolution shall continue liable and capable as a corporation in all its suits relative to such contracts until they are performed, if suit is commenced within six years after the dissolution or after the right of action accrued.