Section 12: Management of business
42 words·~1 min read·
/ma/part-i/title-xxii/chapter-161/12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 12. The business of every company shall be managed and conducted by a president, a board of not less than five directors, a clerk, a treasurer and such other officers and such agents as the company by its by-laws shall authorize.