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the Massachusetts General Laws
2012 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT(Chapters 1 through 182)
TITLE XXII CORPORATIONS
CHAPTER 161 STREET RAILWAYS
Section 68 Sale of portion of railway; payment of dividends from money received
Universal Citation:
MA Gen L ch 161 § 68
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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.
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