Section 24: Increase or reduction of capital stock
54 words·~1 min read·
/ma/part-i/title-xxii/chapter-158/24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 24. Every corporation, unless otherwise expressly provided, at a meeting called for the purpose, may increase or reduce the amount of its capital stock and the number of shares therein, within the amount limited by its charter, if a chartered corporation, and by the provisions of this chapter, if organized under general laws.