Section 74. A railroad corporation, which violates any provision of section seventy-one or seventy-two, shall be punished by a fine of ten thousand dollars; and any officer or agent of such railroad corporation who procures, aids or abets such corporation in any violation of said sections, and any partnership, trustee or other person who procures, aids or abets in any violation thereof, shall be punished by a fine of one thousand dollars or by imprisonment for not less than six months nor more than one year, or both.

Terms Used In Massachusetts General Laws ch. 160 sec. 74

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Trustee: A person or institution holding and administering property in trust.
  Previous section
Next section  
 Chapter 160 Contents