Section 4. A railroad corporation chartered by the concurrent legislation of this and other states shall, as regards any portion of its railroad lying within this commonwealth, be entitled to all the benefits and be subject to all the liabilities of the railroad corporations of this commonwealth.

Terms Used In Massachusetts General Laws ch. 160 sec. 4

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  Previous section
Next section  
 Chapter 160 Contents