Mass. Gen. Laws ch. 160 § 42

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 160:42 - Corporation consolidated with one in another state; unauthorized capital stock increase

If a railroad corporation owning a railroad in this commonwealth and consolidated with a corporation owning a railroad in another state increases its capital stock, or the capital stock of such consolidated corporation, except as authorized by this chapter or chapter one hundred and fifty-nine, without authority of the general court, or without such authority extends its line of railroad, or consolidates with any other corporation, or makes a stock dividend, the charter and franchise of such corporation shall be subject to forfeiture.

Mass. Gen. Laws ch. 160, § 42