Massachusetts § 48A - Mutual companies; formation; capital and surplus
Full text of Massachusetts Massachusetts General Laws § 48A — Mutual companies; formation; capital and surplus, with citation guidance and answers to common questions.
§ 48A. Mutual companies; formation; capital and surplus
Section 48A. Ten or more persons, residents of this commonwealth, may form a mutual company, (a) to transact the business set forth in any one of the clauses of section forty-seven, except the eleventh, fourteenth, fifteenth or seventeenth; (b) to transact the business set forth in the first and third, the first and eighth, the third and eighth, or in the first, third and eighth clauses; (c) to transact the business set forth in the first and second clauses, in the first and seventeenth clauses, in the first, second and eighth clauses, or in the first, second, eighth and seventeenth clauses; (d) to transact the business set forth in any two or more of the fourth, fifth, sixth, seventh, eighth, ninth, tenth, twelfth and thirteenth clauses thereof; or (e) to transact the business set forth in the sixth and sixteenth clauses thereof, except subdivision (e) of said sixth clause.
A company formed under the provisions of this section shall be subject to the combined capital and surplus provisions of section forty-eight.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 48A
What does Massachusetts General Laws § 48A cover?
Section 48A ("Mutual companies; formation; capital and surplus") 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 § 48A?
A common citation format is "Massachusetts General Laws § 48A" (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 § 48A 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.