Massachusetts § 19I - Receipt of fee, commission or valuable consideration for aiding, promoting or assisting in reorganization
Full text of Massachusetts Massachusetts General Laws § 19I — Receipt of fee, commission or valuable consideration for aiding, promoting or assisting in reorganization, with citation guidance and answers to common questions.
§ 19I. Receipt of fee, commission or valuable consideration for aiding, promoting or assisting in reorganization
Section 19I. No director, officer, agent or employee of the reorganizing insurer, or any other person, shall receive any fee, commission or other valuable consideration whatsoever, other than his usual regular salary and compensation, for in any manner aiding, promoting or assisting in such reorganization, except as set forth in the plan of reorganization approved by the commissioner. This provision shall not be deemed to prohibit the payment of reasonable fees and compensation to attorneys at law, accountants and actuaries for services performed in the independent practice of their professions, even though they may be directors of the insurer.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 19I
What does Massachusetts General Laws § 19I cover?
Section 19I ("Receipt of fee, commission or valuable consideration for aiding, promoting or assisting in reorganization") 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 § 19I?
A common citation format is "Massachusetts General Laws § 19I" (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 § 19I 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.