Mass. Gen. Laws ch. 156D, § 1.42
Number of shareholders
Massachusetts · Massachusetts General Laws Chapter 156D — Business Corporations · Status: effective
Cite this
- Citation
- Mass. Gen. Laws ch. 156D, § 1.42, Number of shareholders, Massachusetts, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1555085
- Permanent ID
ys:prov:1555085@1- SHA-256
4126683b88a83f78c43feb0d5043e484df6dc8f7d450073ff976152d3b248c1b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Section 1.42. NUMBER OF SHAREHOLDERS
(a) For purposes of this chapter, except as provided in subsection (c), the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:
(1) three or fewer co-owners;
(2) a corporation, partnership, trust, estate, or other entity;
(3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(b) For purposes of this chapter, shareholders registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.
(c) For purposes of this chapter, each beneficial owner of shares registered in the name of a nominee in a corporation's current record of shareholders constitutes one shareholder.