Section 11: Adoption of by-laws; election of directors
69 words·~1 min read·
/ma/part-i/title-xxii/chapter-161/11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 11. At such first meeting, or at any adjournment thereof, the incorporators shall organize by the adoption of by-laws, and by the election, by ballot, of not less than five directors. The clerk appointed by the directors under section five shall make and attest a record of the proceedings until the clerk of the company has been chosen and sworn, including a record of such choice and qualification.