{"data":{"id":"us-ma/mass.-gen.-laws-ch.-157b-10","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 157B, § 10","heading":"Articles or by-laws","body":"Section 10. The articles or by-laws may provide:\n(a) for election of directors and other officials by unit or district;\n(b) for voting by stockholders on the basis of one vote per member or one vote per dwelling unit rather than one vote per share;\n(c) that any action required or permitted to be taken at a meeting of stockholders may be taken by mail ballot;\n(d) for a method of membership representation of stockholders at meetings by delegates from units or districts, provided that delegates must be proportional to the number of members in each unit district;\n(e) for redemption or recall of stock;\n(f) for termination of membership rights and privileges of a stockholder;\n(g) standards for eligibility to become a stockholder;\n(h) for the allocation of its net savings among the uses permitted in section twelve.","path":["Part I","Title XXII","Chapter 157B"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter157B/Section10","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:43Z","sha256":"7558f9352ef7bfac7d99c5a9e9c0cc0d81fb8e1cc4cd9ef605eedc65d0c8158a","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-157b-9","next":"us-ma/mass.-gen.-laws-ch.-157b-11"},"notice":"GroundRules: Original legal text. Not legal advice."}