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Current as of January 01, 2025 | Updated by Findlaw Staff
For the purpose of this chapter, the rights of a stockholder shall not be considered adversely affected by any amendment of its articles of organization unless the amendment (otherwise than as permitted by the articles of organization)--
(a) alters or abolishes any preferential right of his stock having preferences;
(b) creates, alters or abolishes any right in respect of redemption of his stock;
(c) alters or abolishes any preemptive right in respect of his stock;
(d) creates or alters (other than to abolish) any restriction on transfer applicable to his stock; or
(e) excludes or limits his right as a stockholder to vote on a matter except as such right may be limited by voting rights given to new shares then being authorized of an existing or new class.
Cite this article: FindLaw.com - Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 156B, § 77 - last updated January 01, 2025 | https://codes.findlaw.com/ma/part-i-administration-of-the-government-ch-1-182/ma-gen-laws-ch-156b-sect-77/
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