Massachusetts General Laws

Mass. Gen. Laws ch. 156B, § 89 (2026)

Demand for payment; time for payment

✓ current as of July 2026

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Section 89. If within twenty days after the date of mailing of a notice under subsection (e) of section eighty-two, subsection (f) of section eighty-three, or section eighty-eight, any stockholder to whom the corporation was required to give such notice shall demand in writing from the corporation taking such action, or in the case of a consolidation or merger from the resulting or surviving corporation, payment for his stock, the corporation upon which such demand is made shall pay to him the fair value of his stock within thirty days after the expiration of the period during which such demand may be made.

Notes of Decisions

Cited in 3 cases, 1967–1986 · leading case: Sarrouf v. New England Patriots Football Club, Inc., 492 N.E.2d 1122 (Mass. 1986).

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Sarrouf v. New England Patriots Football Club, Inc., 492 N.E.2d 1122 (Mass. 1986). · cites it 3× “A stockholder who (1) files a written objection with the corporation before a vote is taken on the action, (2) does not vote in favor of the action, and (3) demands in writing payment for his stock within twenty days of the mailing of the notice that the action has become…”

Piemonte v. New Boston Garden Corp., 387 N.E.2d 1145 (Mass. 1979). “156B, § 86); each plaintiff seasonably demanded in writing payment from the defendant for the fair value of his stock (see G. L. c. 156B, § 89); and no agreement as to that fair value was reached within thirty days of the demand (see G.”

Walsh v. Wollaston Golf Club, 230 N.E.2d 909 (Mass. 1967). “as provided” by G. L. c. 156B, § 89. The “defendant has not reached an agreement with and has failed to pay to each [plaintiff the fair value of his respective stock.”

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