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January 17, 2026 Clouds | 37°F
The 194th General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 161 STREET RAILWAYS
  5. Section 20 Issuance of certificate

Section 20

Section 20: Issuance of certificate

Section 20. Certificates of stock shall not be issued by a company until the par value thereof shall have been paid in cash.