Section 47. All companies operating under the four preceding sections shall remain subject to the duties and liabilities imposed by other provisions of law consistent with said sections, and shall have the powers, duties and rights therein authorized, all of which shall be in addition to and in amendment of any charter or special provision of law or of the general laws under which they are organized.

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Terms Used In Massachusetts General Laws ch. 92 sec. 47

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.