Massachusetts Plan of Merger between two corporations
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How to fill out Plan Of Merger Between Two Corporations?
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FAQ
Corporations are required to have not less than three directors unless (1) shares have not been issued, then the number can be one or two, (2) the corporation has one shareholder, then the number can be one or two, or (3) the corporation has two shareholders, then the number can be two.
Laws ch. 156D § 8.40. Section 156D:8.40 - Required officers (a) A corporation shall have a president, a treasurer and a secretary and such other officers described in its bylaws or appointed by the board of directors in ance with the bylaws.
Director information The following are the Massachusetts requirements for directors of corporations: Minimum number. Corporations must have no fewer than three directors, unless there are two or fewer shareholders. In such case, there may be one or two directors.
Under the doctrine of merger, undersized, adjoining lots that are held in common ownership will be treated as a single, merged lot for zoning purposes if doing so would eliminate or minimize the non-conformities.
If the articles of organization or bylaws do not define the size of the board of directors, the Massachusetts default rules apply: if the corporation has three or more shareholders, the corporation must have no fewer than three directors.
Every corporation authorized to transact business in the commonwealth MUST file an annual report with the Corporations Division within two and one half (2½) months after the close of the corporation's fiscal year end. M.G.L.A.
If your business is a corporation, then you are required by law to have a board of directors. Depending on your particular corporate structure and your state, one or two directors may be all that's legally required.
The law on merging lanes in Massachusetts as in other states is that you must stay within your lane of traffic and to not merge or move into an adjoining lane without first being reasonably sure it can be done safely.