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Massachusetts Statutes

§ 119 — Use of reserve fund

Massachusetts § 119
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 161STREET RAILWAYS

This text of Massachusetts § 119 (Use of reserve fund) 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. 161, § 119 (2026).

Text

Section 119. Whenever the income of the company is insufficient to meet the cost of service as defined in section one hundred and sixteen, the reserve fund shall be used, so far as necessary, to make up the deficiency, but when the income exceeds the cost of the service, the excess shall be transferred to and become a part of the reserve fund.

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Bluebook (online)
Massachusetts § 119, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/161/119.