That depends on how many board members are in the corporation. 13 Colonial Corporations could not be wrong. The Virginia and Massachusetts charters were given to business corporations. Regular meetings of company officers and stockholders were the only governmental institutions required. The Virginia charter, issued in 1606, and revised in 1609 and 1612, was revoked upon bankruptcy of the sponsoring and organizing Virginia Company of London in 1624. The second Colonial Charter was granted to Massachusetts Bay in 1629, settling at Boston and Salem, a decade after the first "New Englanders" at Plymouth Colony further south towards Cape Cod. In 1684, the Chancery Court in England voided the charter and changed it to a royal colony. Charles II placed Massachusetts under the authority of the unified Dominion of New England in 1685. After William III came to the throne, he issued Massachusetts Bay a new liberal charter in 1691.

Then 13 Colonial Corporations, became 1. 5 Voting, July 2, 1776