Code of Massachusetts Regulations
950 CMR - OFFICE OF THE SECRETARY OF THE COMMONWEALTH
Title 950 CMR 104.00 - Business corporations
Section 104.04 - Corporation As Partner
Universal Citation: 950 MA Code of Regs 950.104
Current through Register 1531, September 27, 2024
A corporation may be a partner in any business enterprise which the corporation would have power to conduct by itself, provided that power is clearly stated in Item 6 of the Articles of Organization, pursuant to M.G.L. c. 156B, § 9A and 950 CMR 104.03(2)(b). If such authority is not stated in the Articles of Organization and at a later date the corporation should desire to become a partner as described above then an amendment would have to be filed in accordance with 950 CMR 104.09.
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