Code of Massachusetts Regulations
950 CMR - OFFICE OF THE SECRETARY OF THE COMMONWEALTH
Title 950 CMR 105.00 - Professional Corporations
Section 105.05 - Applicability of M.G.L. c. 156B
Universal Citation: 950 MA Code of Regs 950.105
Current through Register 1531, September 27, 2024
The provisions of M.G.L. c. 156B shall be applicable to professional corporations and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations, except where inconsistent with the letter and purpose of the provisions of M.G.L. c. 156A. In the event of any conflict between the provisions of M.G.L. c. 156A and M.G.L. c. 156B, the provisions of M.G.L. c. 156A shall take precedence.
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