Massachusetts § 64 - Taking securities of other corporations
Full text of Massachusetts Massachusetts General Laws § 64 — Taking securities of other corporations, with citation guidance and answers to common questions.
§ 64. Taking securities of other corporations
Section 64. A railroad corporation, unless authorized by the general court or by the six following sections, shall not directly or indirectly subscribe for, take or hold the stock or bonds of or guarantee the bonds or dividends of any other corporation; and the amount of the bonds of one or more other corporations subscribed for and held by a railroad corporation, or guaranteed by it conformably to special authority of the general court or the authority given in said sections, with the amount of its own bonds issued in conformity with sections forty-seven and forty-nine, shall not exceed at any time the amount authorized by said section forty-seven, computed as provided in section fifty-three of chapter one hundred and fifty-nine.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 64
What does Massachusetts General Laws § 64 cover?
Section 64 ("Taking securities of other corporations") 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 § 64?
A common citation format is "Massachusetts General Laws § 64" (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 § 64 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.