Massachusetts § 87 - By-laws; statements of membership and financial condition
Full text of Massachusetts Massachusetts General Laws § 87 — By-laws; statements of membership and financial condition, with citation guidance and answers to common questions.
§ 87. By-laws; statements of membership and financial condition
Section 87. The by-laws of such corporation shall be approved by the department, and shall prescribe the manner in which, and the officers and agents by whom, the purpose of its incorporation may be carried out, and also the manner in which its property may be invested. Such corporation shall annually, and as often as may be required by the department, render to it such statements of its membership and financial transactions and such other information relative thereto as the department may consider necessary for a proper exhibit of its business and standing. The department may verify such statement by an examination of the books and papers of the corporation; and whoever, having charge or custody of such books and papers, neglects to comply with this section shall be punished by a fine of not more than five hundred dollars.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 87
What does Massachusetts General Laws § 87 cover?
Section 87 ("By-laws; statements of membership and financial condition") 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 § 87?
A common citation format is "Massachusetts General Laws § 87" (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 § 87 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.