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March 17, 2026 Clear | 29°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 36 Prohibition

Section 36

Section 36: Prohibition

Section 36. A company shall not declare any stock or scrip dividend or divide the proceeds of the sale of stock or scrip among its stockholders.