Mass. Gen. Laws ch. 172 § 13

Current through Chapter 223 of the 2024 Legislative Session
Section 172:13 - Election of officers

The clerk or secretary shall be elected by the stockholders at their annual meeting or at a special meeting duly called for the purpose.

The president shall be elected by and from the board of directors and shall be chairman thereof unless the board designates a director in lieu of the president to be chairman. The directors shall elect the treasurer and any other officers including an executive vice president. The president as may be required or permitted by law or by-law may select other officers. The officers elected by the board shall hold their respective offices during the pleasure of the directors. The directors may fill a vacancy in the office of clerk or secretary until the next meeting of the stockholders.

Mass. Gen. Laws ch. 172, § 13

Entire chapter amended by Acts 2014, c. 482,§ 58, eff. 4/7/2015.
Former section 172:13 amended by Acts 2008, c. 252,§ 8, eff. 11/3/2008.
This section is similar to former section 172:14. .