Massachusetts § 68 Sale of portion of railway; payment of dividends from money received

Massachusetts Statutes

§ 68 — Sale of portion of railway; payment of dividends from money received

Massachusetts § 68

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 161STREET RAILWAYS

This text of Massachusetts § 68 (Sale of portion of railway; payment of dividends from money received) 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, § 68 (2026).

Text

Section 68. A company shall not appropriate for the payment of dividends any money received from the sale of any portion of its railway, unless it first reduces its capital stock issued, by an amount which, at its par value, is equal to the amount which such portion of its railway cost said company.

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Bluebook (online)

Massachusetts § 68, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/161/68.