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The Massachusetts Business Corporations Act G.L. C156D (hereinafter referred to as "the Act") applies to all Massachusetts business corporations now governed by G.L. C156B, foreign corporations qualified to do business in Massachusetts under G.L.
The USA Model Business Corporation Act is the official legislation of the rules and regulations of a limited liability company incorporated in the USA.
The Massachusetts Business Corporation Act (the ?Act?) is codified at Massachusetts General Laws, Chapter 156D. It sets forth the rules and regulations for corporations and applies to all Massachusetts business corporations governed by G.L. C156B, Foreign Corporations under G.L.
The American Bar Association (ABA) introduced the Model Business Corporations Act for the purpose of governing corporate affairs. In order to be legally enforceable, the MBCA needs to be adopted by a state legislature. Every state in the U.S. has adopted at least some portion of the MBCA.
Changing officers of a corporation involves filing the articles of incorporation while adhering to Massachusetts state codes. Directors add officers formally at an annual directors meeting but can do so at any time within the scope of the bylaws.
A Massachusetts corp is a legal entity that designates ownership through shareholders. To form this type of business, a corporation's shareholders will need to select an incorporator who will go through the process of creating the corporation.