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2018 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XV REGULATION OF TRADE
Chapter 93 REGULATION OF TRADE AND CERTAIN ENTERPRISES
Section 14O New bonds; liability
Universal Citation: MA Gen L ch 93 § 14O (2018)
Section 14O. On the effective date of each new bond filed with the statement of registration, all liability on bonds previously filed shall terminate, and in the event of default by the trading stamp company to redeem such stamps the rightful holders of trading stamps shall file their proofs of claim with the state treasurer and shall have their claims satisfied, as provided in section fourteen Q, solely from the principal sum of the new bond.
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