Massachusetts General Laws ch. 160 sec. 243 – Quarterly statement
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Section 243. Every railroad corporation shall, within fifty days after the expiration of each quarter of the year, transmit to the department a quarterly statement of its business and financial condition, in such form and with such detail as the department requires, which shall at reasonable times be open to public inspection. A railroad corporation neglecting to comply with this section shall forfeit fifty dollars for each day during which such neglect continues.
Terms Used In Massachusetts General Laws ch. 160 sec. 243
- 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.