Section 8. Every corporation doing business under this chapter shall be subject to general laws governing street railway companies in respect to the future issue of stocks and bonds, consolidation, leases, revocation of permits and locations; and shall also be subject to the same regulation and supervision, and shall file with the department the same reports and information required of street railway companies, so far as such regulation, supervision and requirements are applicable to corporations doing business under this chapter and are consistent with its provisions.

Terms Used In Massachusetts General Laws ch. 163 sec. 8

  • 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.
  • department: means the department of public utilities. See Massachusetts General Laws ch. 163 sec. 1
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