For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Prohibition

M.G.L. c. 161, § 36
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
c. 161, § 36. Prohibition Section 36. A company shall not declare any stock or scrip dividend or divide the proceeds of the sale of stock or scrip among its stockholders.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter161/Section36Fetched: 10/20/2026

Starting a business in Massachusetts? Massachusetts LLC guide: costs and requirements