State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER161 > Section68

Section 68. A company shall not appropriate for the payment of dividends any money received from the sale of any portion of its railway, unless it first reduces its capital stock issued, by an amount which, at its par value, is equal to the amount which such portion of its railway cost said company.

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER161 > Section68

Section 68. A company shall not appropriate for the payment of dividends any money received from the sale of any portion of its railway, unless it first reduces its capital stock issued, by an amount which, at its par value, is equal to the amount which such portion of its railway cost said company.


State Codes and Statutes

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER161 > Section68

Section 68. A company shall not appropriate for the payment of dividends any money received from the sale of any portion of its railway, unless it first reduces its capital stock issued, by an amount which, at its par value, is equal to the amount which such portion of its railway cost said company.