Massachusetts General Laws

Mass. Gen. Laws ch. 179, § 16 (2026)

Termination of corporation

✓ current as of July 2026

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Section 16. A final division of the common property shall not dissolve the corporation until the expiration of ten years thereafter; but the proprietors at the time of the division and their heirs shall retain their corporate powers for the purpose of collecting all assessments, debts and effects due or belonging to the corporation, and shall be liable for its debts.

Notes of Decisions

Cited in 1 case, 1927–1927 · leading case: Adams v. Hannah, 158 N.E. 330 (Mass. 1927).

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Adams v. Hannah, 158 N.E. 330 (Mass. 1927). “40, now G. L. c. 179, § 16, that such a corporation should not continue to exist more than ten years after the final division of its common property.”

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