Massachusetts § 49 - Exchange for registered bonds
Full text of Massachusetts Massachusetts General Laws § 49 — Exchange for registered bonds, with citation guidance and answers to common questions.
§ 49. Exchange for registered bonds
Section 49. At the request of the owner or holder of any coupon bonds lawfully issued, the railroad corporation issuing them may issue registered bonds in exchange therefor, upon such terms and under such regulations as its directors may prescribe, and with the consent and approval of the trustees, if any, to whom a mortgage or pledge has been executed; and such registered bonds shall, with the exception of the coupons, correspond in all respects with the coupon bonds for which they are exchanged, and shall be in conformity with all laws authorizing the issue of said coupon bonds. Such exchange shall not affect a mortgage or pledge given as security for the payment of such coupon bonds, and such mortgage or pledge shall remain in full force as security for such registered bonds; and the coupon bonds shall be cancelled and destroyed at the same time that the registered bonds are issued in exchange therefor.
Frequently Asked Questions About Massachusetts § 49
What does Massachusetts General Laws § 49 cover?
Section 49 ("Exchange for registered bonds") 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 § 49?
A common citation format is "Massachusetts General Laws § 49" (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 § 49 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.