Section 19: Tax exemption
32 words·~1 min read·
/ma/part-i/title-xxii/chapter-176a/19·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 19. Every corporation subject to this chapter is hereby declared to be a charitable and benevolent corporation and its property shall be exempt from state, city, county, district and municipal taxes.