Section 13: Chartered corporations; time for organization; commencement of corporate existence
130 words·~1 min read·
/ma/part-i/title-xxii/chapter-155/13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13. A corporation created by special charter shall, if no time is limited therein, be organized within two years after the passage of its act of incorporation. Within thirty days after the final adjournment of the meeting for organization of any such corporation, the recording officer thereof shall make, sign, swear to and file in the office of the state secretary a certificate stating the date on which the meeting for organization was held, the names of the officers elected at such meeting and the amount of capital stock, if any, fixed under its charter.
The existence of every corporation organized under general laws, the articles of organization of which are required to be filed with the state secretary, shall begin upon the filing of such articles as aforesaid.