Mass. Gen. Laws ch. 166, § 9
Issue of stock or scrip before payment for shares at par
Massachusetts · Massachusetts General Laws Chapter 166 — Telephone and Telegraph Companies, and Lines for the Transmission of Electricity · Status: effective
Cite this
- Citation
- Mass. Gen. Laws ch. 166, § 9, Issue of stock or scrip before payment for shares at par, Massachusetts, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1556500
- Permanent ID
ys:prov:1556500@1- SHA-256
7b9b164f1706c359dd90459dd23cc331b97495a9e05ac6998af59c7d4b43970f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Section 9. No such company established under the laws of this commonwealth shall declare any stock or scrip dividend or divide the proceeds of the sale of stock or scrip among its stockholders; nor shall any such company issue any share of stock to any person unless the par value of the shares so issued is first paid in cash to its treasurer.