Massachusetts § 58 Domestic stock companies; duties of directors

Massachusetts Statutes

§ 58 — Domestic stock companies; duties of directors

Massachusetts § 58

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 175INSURANCE

This text of Massachusetts § 58 (Domestic stock companies; duties of directors) 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. 175, § 58 (2026).

Text

Section 58. The board of directors shall annually choose by ballot a president, who shall be a member of the board, a secretary, and, if the by-laws so provide, a treasurer, who may also be the president or secretary, and such other officers as the by-laws may provide.They shall at each annual meeting of the company submit a full statement of the transactions of the company during the previous year and of its financial condition.

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Section 58. The board of directors shall annually choose by ballot a president, who shall be a member of the board, a secretary, and, if the by-laws so provide, a treasurer, who may also be the president or secretary, and such other officers as the by-laws may provide.They shall at each annual meeting of the company submit a full statement of the transactions of the company during the previous year and of its financial condition.

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Massachusetts § 58, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/175/58.