{"data":{"id":"us-ma/mass.-gen.-laws-ch.-161-23","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 161, § 23","heading":"Subscription for stock; payment for stock; conditions to building railway","body":"Section 23. A company shall not begin to build its railway until it shall have filed in the office of the state secretary a certificate, signed and sworn to by its president, treasurer, clerk and a majority of its directors, stating that the amount of its capital stock has been unconditionally subscribed for by responsible parties, and that fifty per cent of the par value of each share thereof has been paid in cash.","path":["Part I","Title XXII","Chapter 161"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter161/Section23","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:49Z","sha256":"f04e4bbb3d28600051a6714a63a184fd2fa4f86ffb57528518ed37aafd71d486","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-161-22","next":"us-ma/mass.-gen.-laws-ch.-161-24"},"notice":"GroundRules: Original legal text. Not legal advice."}