Massachusetts § 77 - Mutual fire companies; directors
Full text of Massachusetts Massachusetts General Laws § 77 — Mutual fire companies; directors, with citation guidance and answers to common questions.
§ 77. Mutual fire companies; directors
Section 77. The number of the board of directors of every such company and requirements for eligibility, if any, shall be fixed by or determined in the manner provided in the by-laws but shall not be less than seven, and not less than five shall constitute a quorum. Such companies having a guaranty capital shall choose one half of the directors from the shareholders and one half from the policyholders who are not shareholders.
Directors shall hold office for one year or for the term provided in the by-laws, and until their successors are qualified. The by-laws of such a company may divide its board of directors into one, two, three or four classes, and provide for the election thereof in such manner that one class only shall retire and their successors be chosen each year.
Special meetings of the members of such a company may be called by the directors, or as the by-laws may provide, and shall be called by the secretary, or in case of the death, absence, incapacity or refusal of the secretary, by any other officer upon written application of at least one half of one per cent of the members or the owners of one fifth of the guaranty capital, upon such notice as the by-laws provide, and, in case none of the officers is able and willing to call a special meeting, the supreme judicial or superior court, upon application of at least one half of one per cent of the members or the owners of one fifth of the guaranty capital, shall have jurisdiction in equity to authorize one or more of such members or stockholders to call a meeting by giving such notice as is required by law.
Frequently Asked Questions About Massachusetts § 77
What does Massachusetts General Laws § 77 cover?
Section 77 ("Mutual fire companies; directors") 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 § 77?
A common citation format is "Massachusetts General Laws § 77" (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 § 77 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.