{"data":{"id":"us-ma/mass.-gen.-laws-ch.-175-58","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 175, § 58","heading":"Domestic stock companies; duties of directors","body":"Section 58. The board of directors shall annually choose by ballot a president, who shall be a member of the board, a secretary, and, if the by-laws so provide, a treasurer, who may also be the president or secretary, and such other officers as the by-laws may provide.\nThey shall at each annual meeting of the company submit a full statement of the transactions of the company during the previous year and of its financial condition.","path":["Part I","Title XXII","Chapter 175"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter175/Section58","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:05Z","sha256":"d746f5f70dc49bef4f6c3209a2b16eee0490adf4f7d69381031566271c4b67b5","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-175-57","next":"us-ma/mass.-gen.-laws-ch.-175-59"},"notice":"GroundRules: Original legal text. Not legal advice."}