Massachusetts Statutes
§ 62 — Domestic stock companies; liability of officers
Massachusetts § 62
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 175INSURANCE
This text of Massachusetts § 62 (Domestic stock companies; liability of officers) 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. 175, § 62 (2026).
Text
Section 62. The directors or other officers of such a company making or authorizing an investment or loan in violation of sections sixty-three, sixty-five or sixty-six shall be personally liable to the stockholders for any loss caused thereby.If they allow to be insured on a single risk a larger amount than authorized by section twenty-one, they shall be personally liable for any loss in excess of the amount to which they might lawfully insure.If they make or assent to further insurance knowing that the accrued losses of the company equal its net assets, they shall be personally liable for any loss under such insurance.
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Bluebook (online)
Massachusetts § 62, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/175/62.