Section 7: Corporations dealing with real estate; duration
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/ma/part-i/title-xxii/chapter-156/7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7. The agreement of association of any corporation formed for the purpose of acquiring, holding, managing, improving, leasing, buying and selling real estate, except a corporation formed for the purpose of owning forest land classified under chapter sixty-one, shall state the term of duration of the corporation, which shall not exceed fifty years.