Massachusetts § 126 - Acceptance of Secs. 115 to 128; commencement of operations
Full text of Massachusetts Massachusetts General Laws § 126 — Acceptance of Secs. 115 to 128; commencement of operations, with citation guidance and answers to common questions.
§ 126. Acceptance of Secs. 115 to 128; commencement of operations
Section 126. Any company desiring to accept said sections shall apply to the department to determine the amount of its capital investment and of its stock investment, and upon such determination the company may accept said sections by filing with the department its election so to do, authorized by a vote of not less than a majority of its capital stock, and evidence satisfactory to the department that it has provided or will provide the reserve and improvement funds mentioned in sections one hundred and seventeen and one hundred and twenty-two.
The department may permit any company desiring to operate under said sections to begin operations before the determination of its capital investment and of its stock investment; provided, that the company has met all the other requirements of said sections, but no dividends shall be disbursed to the holders of any common stock until after said determination has been made.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 126
What does Massachusetts General Laws § 126 cover?
Section 126 ("Acceptance of Secs. 115 to 128; commencement of operations") 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 § 126?
A common citation format is "Massachusetts General Laws § 126" (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 § 126 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.