Bill > H1711

This bill makes several amendments to the Massachusetts Business Corporation Act, including: 1. Clarifying the definition of "Public corporation" and adding a definition for "Voting power." 2. Making various changes to the provisions on authorized shares, distributions, and director liability. 3. Revising the requirements for shareholder approval of certain corporate actions, such as mergers, share exchanges, and amendments to the articles of organization. 4. Updating the provisions on registered offices, registered agents, and shareholder rights, including appraisal rights. 5. Making technical and clarifying changes throughout the law. Overall, the bill aims to further regulate business corporations in Massachusetts by updating and clarifying various provisions of the state's corporate law.

Budget and Finance, Government Affairs

https://malegislature.gov/Bills/190/H1711