Massachusetts § 32 - Preferred stock
Full text of Massachusetts Massachusetts General Laws § 32 — Preferred stock, with citation guidance and answers to common questions.
§ 32. Preferred stock
Section 32. A company organized under the laws of the commonwealth may, by vote of two thirds in interest of its common stockholders at a meeting duly called therefor, with the approval of the department, and subject to section twenty-eight of this chapter and section fifty-two of chapter one hundred and fifty-nine, issue, and from time to time increase, preferred stock of one or more classes, for any lawful purposes for which such companies may issue or increase their capital stock. Each class of preferred stock shall be entitled to the preferences and rights and subject to the restrictions and limitations fixed by such vote as approved by the department.
Frequently Asked Questions About Massachusetts § 32
What does Massachusetts General Laws § 32 cover?
Section 32 ("Preferred stock") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 32?
A common citation format is "Massachusetts General Laws § 32" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 32 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.