Massachusetts § 18 - Assessments; defaults; sale of shares
Full text of Massachusetts Massachusetts General Laws § 18 — Assessments; defaults; sale of shares, with citation guidance and answers to common questions.
§ 18. Assessments; defaults; sale of shares
Section 18. The directors may make such assessments on each share as they find necessary; and, upon the default of a proprietor for thirty days after notice thereof to pay an assessment, they may sell by public auction so many of his shares as will be sufficient to pay the assessment and the necessary charges, such sale being first advertised three weeks successively in a newspaper published in the county, or notices thereof being posted thirty days at least before the sale in public places in the town. The surplus proceeds arising from the sale shall be paid to the owner of the shares sold.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 18
What does Massachusetts General Laws § 18 cover?
Section 18 ("Assessments; defaults; sale of shares") 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 § 18?
A common citation format is "Massachusetts General Laws § 18" (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 § 18 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.