§ 35 — Examination of condition of company on request of interested party

Massachusetts § 35

• Jurisdiction: Massachusetts
• Part I: ADMINISTRATION OF THE GOVERNMENT
• Title XXII: CORPORATIONS
• Ch. 159: COMMON CARRIERS

Text

Section 35. Upon the written application of a director, or of any person owning one fiftieth part of the paid-in capital stock of a corporation or company operating a railroad or railway, or who owns the bonds or other evidences of indebtedness of such corporation or company equal in amount to one fiftieth part of its paid-in capital stock, the department shall examine the books and the financial condition of said corporation or company, and shall cause the result of such examination to be published in one or more daily newspapers in Boston, and in some newspaper published in the county where such applicant resides.