Section 44: Exercise of stockholders' rights by incorporators prior to stock issuance
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/ma/part-i/title-xxii/chapter-156b/44·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 44. Prior to the initial issue of stock by a corporation, the incorporators may exercise all rights of stockholders and take any action required or permitted by law, the articles of organization or the by-laws to be taken by stockholders.