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January 22, 2025 Clouds | 12°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 166 TELEPHONE AND TELEGRAPH COMPANIES, AND LINES FOR THE TRANSMISSION OF ELECTRICITY
  5. Section 2 Debt limitation

Section 2

Section 2: Debt limitation

Section 2. Such company shall not at any time contract or owe debts to a larger amount than one half of its capital stock actually paid in.