Massachusetts § 248 - Agreement of association
Full text of Massachusetts Massachusetts General Laws § 248 — Agreement of association, with citation guidance and answers to common questions.
§ 248. Agreement of association
Section 248. The agreement of association shall state:
(a) That the subscribers thereto associate themselves with the intention of forming a railroad corporation, or a railroad and telegraph corporation.
(b) The corporate name assumed.
(c) The termini of the railroad, or the railroad and the telegraph.
(d) The total amount of the capital stock of the corporation.
(e) The names and residences of at least five persons, who shall be subscribers to the agreement of association, to act as directors until others are chosen and qualified in their stead.
Each associate shall subscribe to the agreement of association his name, residence, post office address, and the number of shares of stock which he agrees to take; but no subscriber shall be bound to pay more than ten per cent of the amount of his subscription, unless a corporation is chartered.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 248
What does Massachusetts General Laws § 248 cover?
Section 248 ("Agreement of association") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 248?
A common citation format is "Massachusetts General Laws § 248" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 248 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.