Massachusetts General Laws ch. 164 sec. 31 – Amount of stock in gas companies held by corporation
Current as of: 2024 | Check for updates
|
Other versions
Section 31. A manufacturing or other corporation having its place of business in a city or town where a gas company proposes to manufacture gas for light may hold not more than ten per cent of the capital stock of such gas company; provided, that the foregoing provisions shall not prevent a domestic corporation having its principal place of business in the commonwealth from holding more than ten per cent of the capital stock of a gas company.
Terms Used In Massachusetts General Laws ch. 164 sec. 31
- 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.