Massachusetts § 22 Collection of assessments

Massachusetts Statutes

§ 22 — Collection of assessments

Massachusetts § 22

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 161STREET RAILWAYS

This text of Massachusetts § 22 (Collection of assessments) 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, § 22 (2026).

Text

Section 22. If a subscriber fails to pay his assessment for thirty days, as provided in the preceding section, the directors may elect to proceed by an action at law against said delinquent subscriber to recover all amounts due and payable by him with interest. If a judgment rendered in an action against a subscriber remains unsatisfied for thirty days, all amounts previously paid by him shall be forfeited to the company, and the directors may offer such shares for sale as above provided.

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Section 22. If a subscriber fails to pay his assessment for thirty days, as provided in the preceding section, the directors may elect to proceed by an action at law against said delinquent subscriber to recover all amounts due and payable by him with interest. If a judgment rendered in an action against a subscriber remains unsatisfied for thirty days, all amounts previously paid by him shall be forfeited to the company, and the directors may offer such shares for sale as above provided.

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Massachusetts § 22, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/161/22.