{"data":{"id":"us-ma/mass.-gen.-laws-ch.-166-9","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 166, § 9","heading":"Issue of stock or scrip before payment for shares at par","body":"Section 9. No such company established under the laws of this commonwealth shall declare any stock or scrip dividend or divide the proceeds of the sale of stock or scrip among its stockholders; nor shall any such company issue any share of stock to any person unless the par value of the shares so issued is first paid in cash to its treasurer.","path":["Part I","Title XXII","Chapter 166"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter166/Section9","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:56Z","sha256":"7b9b164f1706c359dd90459dd23cc331b97495a9e05ac6998af59c7d4b43970f","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-166-8","next":"us-ma/mass.-gen.-laws-ch.-166-10"},"notice":"GroundRules: Original legal text. Not legal advice."}