Massachusetts General Laws ch. 160 sec. 65A – Holding stock in railroad car and equipment companies
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Section 65A. A railroad corporation may hold stock in companies which manufacture, construct, sell, assign, lease, repair, equip, supply, maintain or deal in railroad cars and equipment to an amount not exceeding five per cent of its capital stock outstanding.
Terms Used In Massachusetts General Laws ch. 160 sec. 65A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC