Section 11: Proxies; voting trusts
119 words·~1 min read·
/ma/part-i/title-xxii/chapter-156a/11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 11. No proxy for shares of a professional corporation shall be valid unless it shall be given to a qualified person, or unless it is limited to voting for one or more of the actions described in subsection
(a)of section thirteen under the circumstances described therein. A voting trust with respect to shares of a professional corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified persons, except that such voting trust may be validly continued for a period of not more than six months after the death of a trustee or beneficiary or for a period of not more than six months after a trustee or beneficiary has become a disqualified person.