Massachusetts Statutes

§ 99 — Increase of capital stock to affect acquisition

Massachusetts § 99
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 164MANUFACTURE AND SALE OF GAS AND ELECTRICITY

This text of Massachusetts § 99 (Increase of capital stock to affect acquisition) 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. 164, § 99 (2026).

Text

Section 99. The purchasing or consolidated company may, for the purposes authorized by sections ninety-six and ninety-seven, increase its capital stock and issue bonds in the manner and subject to the limitations provided in sections thirteen, fourteen, eighteen and nineteen; and may, for the same purpose and subject to the same limitations and notwithstanding any special law applicable thereto, exchange its securities for those of the selling or merged company upon such terms as the department approves; but the aggregate amount of the capital stock and the aggregate amount of the debt, respectively, of the consolidated companies shall not, by reason of such consolidation, be increased.

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Bluebook (online)
Massachusetts § 99, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/164/99.