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Form a Business

Limitations

M.G.L. c. 161, § 62
in effect
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c. 161, § 62. Limitations Section 62. A company shall not lease or contract for the operation of its railway for a period of more than ninety-nine years without the consent of the general court, nor, except as provided in the three following sections and in section one hundred and twenty-three, shall it sell its railway unless authorized so to do by its charter or by special act of the general court.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter161/Section62Fetched: 10/20/2026

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