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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 160 - Railroads
Section 42 - Corporation Consolidated With One in Another State; Unauthorized Capital Stock Increase
Universal Citation: MA Gen L ch 160 § 42 (2019)
Section 42. 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.
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