Massachusetts General Laws

Mass. Gen. Laws ch. 156, § 7 (2026)

Corporations dealing with real estate; duration

✓ current as of July 2026

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Section 7. The agreement of association of any corporation formed for the purpose of acquiring, holding, managing, improving, leasing, buying and selling real estate, except a corporation formed for the purpose of owning forest land classified under chapter sixty-one, shall state the term of duration of the corporation, which shall not exceed fifty years.

Notes of Decisions

Cited in 1 case, 1927–1927 · leading case: Gardner Trust Co. v. Whitehall Corp., 157 N.E. 519 (Mass. 1927).

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Gardner Trust Co. v. Whitehall Corp., 157 N.E. 519 (Mass. 1927). “claration of trust; that thereafter the maker and one indorser of said note, together with one other person, organized the respondent corporation to engage in and carry on, among other things, the business of acquiring, holding, managing and selling real estate, a purpose…”

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