Section 3: Acts of incorporation and corporate organizations subject to legislative action
107 words·~1 min read·
/ma/part-i/title-xxii/chapter-155/3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 3. Every act of incorporation passed since March eleventh, eighteen hundred and thirty-one, shall be subject to amendment, alteration or repeal by the general court. All corporations organized under general laws shall be subject to such laws as may be hereafter passed affecting or altering their corporate rights or duties or dissolving them. Corporations shall, notwithstanding such repeal or dissolution, be subject to sections fifty-one and fifty-two. Such laws of amendment, alteration or repeal or such dissolution shall not take away or impair any remedy which may exist by law consistently with said sections against the corporation, its members or officers, for a liability previously incurred.