Massachusetts § 15F Investment in bonds of company engaged in the business of furnishing telephone service

Massachusetts Statutes

§ 15F — Investment in bonds of company engaged in the business of furnishing telephone service

Massachusetts § 15F

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 167SUPERVISION OF BANKS

This text of Massachusetts § 15F (Investment in bonds of company engaged in the business of furnishing telephone service) 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. 167, § 15F (2026).

Text

Section 15F.

(a)As used in sections 15F and 15G, ''bond'' shall include a note or debenture.

(b)An entity that may invest pursuant to section 15A or the legal list may invest in the bonds of any company which at the time of the investment is incorporated under the laws of the United States or any state and may engage and is engaging in the business of furnishing telephone service in the United States, subject to the following:

(i)the bonds shall be part of an original issue of not less than $25,000,000 in principal amount when the company is not incorporated in the commonwealth; and (ii) not more than 20 per cent of the assets of the entity shall be invested in the bonds of telephone companies.

Free access — add to your briefcase to read the full text and ask questions with AI

Section 15F. (a) As used in sections 15F and 15G, ''bond'' shall include a note or debenture.(b) An entity that may invest pursuant to section 15A or the legal list may invest in the bonds of any company which at the time of the investment is incorporated under the laws of the United States or any state and may engage and is engaging in the business of furnishing telephone service in the United States, subject to the following: (i) the bonds shall be part of an original issue of not less than $25,000,000 in principal amount when the company is not incorporated in the commonwealth; and (ii) not more than 20 per cent of the assets of the entity shall be invested in the bonds of telephone companies.