Massachusetts Statutes
§ 52 — Basis of determination by department as to amount of new capital stock
Massachusetts § 52
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 159COMMON CARRIERS
This text of Massachusetts § 52 (Basis of determination by department as to amount of new capital stock) 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. 159, § 52 (2026).
Text
Section 52. The determination by the department, under the provisions of section forty-eight of chapter one hundred and sixty and section twenty-eight of chapter one hundred and sixty-one, as to the amount of stock which is reasonably necessary for the purpose for which such stock has been authorized shall, in the case of the corporations described in section fifty, be based upon the price at which such stock is to be issued as fixed by the stockholders; but the department shall refuse to approve any particular issue of stock if, in its opinion, the price fixed by the stockholders is so low as to be inconsistent with the public interest.
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Bluebook (online)
Massachusetts § 52, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/159/52.