Bill > H3323

This bill makes numerous technical amendments to the Massachusetts Business Corporation Act (Chapter 156D), primarily focusing on clarifying language, updating terminology, and making minor procedural adjustments across various sections of the law. Key provisions include modifying definitions of terms like "public corporation" and "voting power," updating rules around corporate governance such as director liability limitations, shareholder voting procedures, and appraisal rights, and standardizing language throughout the statute (for example, consistently using "bylaws" instead of "by-laws" and "shareholders" instead of "stockholders"). The bill also updates provisions related to corporate mergers, conversions, dissolutions, and registered agent requirements, and makes technical corrections to citation references and grammatical structures. These changes appear designed to improve the clarity, consistency, and precision of the Massachusetts business corporation statutes without making substantive changes to the underlying legal framework governing business corporations in the state.

Government Affairs

https://malegislature.gov/Bills/194/H3323