Section 4: Number of incorporators; capital
55 words·~1 min read·
/ma/part-i/title-xxii/chapter-158/4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 4. For the purpose of carrying on any other lawful business for which corporations may be formed under this chapter, three or more persons may associate themselves, with a capital of not less than one thousand dollars. The capital of such companies other than gas and electric companies shall not exceed one million dollars.