Massachusetts General Laws ch. 160 sec. 28 – Narrow gauge railroads; paid-up capital stock
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Section 28. A corporation which has a railroad of the gauge of three feet shall not begin running its trains, until its paid-up capital stock is equal to one half of its cost, including equipment.
Terms Used In Massachusetts General Laws ch. 160 sec. 28
- 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.