Massachusetts § 30 Certificate for stock transferred as collateral security

Massachusetts Statutes

§ 30 — Certificate for stock transferred as collateral security

Massachusetts § 30

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156BCERTAIN BUSINESS CORPORATIONS

This text of Massachusetts § 30 (Certificate for stock transferred as collateral security) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 156B, § 30 (2026).

Text

Section 30. A pledgee of certificated stock transferred as collateral security shall be entitled to a new certificate if the instrument of transfer substantially describes the debt or duty which is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a stockholder, and entitled to vote thereon.

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Section 30. A pledgee of certificated stock transferred as collateral security shall be entitled to a new certificate if the instrument of transfer substantially describes the debt or duty which is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a stockholder, and entitled to vote thereon.

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Bluebook (online)

Massachusetts § 30, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156B/30.