Massachusetts § 14 Conveyance of property in payment for stock

Massachusetts Statutes

§ 14 — Conveyance of property in payment for stock

Massachusetts § 14

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 165WATER AND AQUEDUCT COMPANIES

This text of Massachusetts § 14 (Conveyance of property in payment for 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. 165, § 14 (2026).

Text

Section 14. A conveyance to an aqueduct company of real or personal property at a fair valuation shall be a sufficient payment of the capital stock to the extent of such value, if a description of such property and a statement of the value at which it has been taken in payment, in such detail as the state secretary shall require or approve, is included in the certificate mentioned in the preceding section, and a statement that he is satisfied that such valuation is fair and reasonable is endorsed by him upon such certificate.

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Section 14. A conveyance to an aqueduct company of real or personal property at a fair valuation shall be a sufficient payment of the capital stock to the extent of such value, if a description of such property and a statement of the value at which it has been taken in payment, in such detail as the state secretary shall require or approve, is included in the certificate mentioned in the preceding section, and a statement that he is satisfied that such valuation is fair and reasonable is endorsed by him upon such certificate.

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Massachusetts § 14, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/165/14.