General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 161. STREET RAILWAYS |
SECTION 41. Real and personal estate; stock or bonds of other street railways
Latest version.
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A company may purchase and hold real and personal estate necessary or convenient for the operation of its railway; but it shall not, except as provided in section sixty-four, directly or indirectly, subscribe for, take or hold stock or bonds of any such company organized under general laws unless specially so authorized by the general court.