...St. 1906, c. 463, part II., § 57, provides in part that " a railroad corporation ' . . . shall not directly or indirectly subscribe for, take or hold...guarantee the bonds or dividends of any other corporation ; " and actions brought under this section against the New York, New Haven & Hartford Eailroad Company...

...corporation guarantee securshall directly or indirectly subscribe for, take, or hold shares in the comp stock or bonds of, or guarantee the bonds or dividends of, any other 18'4' 372> * corporation or company ; and the amount of the bonds of one or more other corporations...

...guarantee securshall directly or indirectly subscribe for, take, or hold shares iu the companies.™ stock or bonds of, or guarantee the bonds or dividends of, any other 18'4>а'2>§6 • corporation or company ; and the amount of the bonds of one or more other corporations...

...corpora- general court or by the provisions of the five following sections, shall 2 1868, 347, § i. directly or indirectly subscribe for, take or hold the stock or bonds 3 1872; 180, § 2! of or guarantee the bonds or dividends of any other corporation ; 4 pi's', nl',...

...following i^ ° ^' 1 five sections, shall not directly or indirectly subscribe for, i8of'§^.' §17. take or hold the stock or bonds of or guarantee the bonds ps 112, § 74. or dividends of any other corporation; and the amount of the bonds of one or more other...

...provisions of the following J five sections, shall not directly or indirectly subscribe for, iw.Vn'; take or hold the stock or bonds of or guarantee the bonds mi, 372, § 53. or dividends of any other corporation; and the amount of H!L. in,§77. the bonds of...

...general Taking securicourt or by the provisions of the following five sections, shall not co^orauoiJ' directly or indirectly subscribe for, take or hold the stock or bonds uM^ira."'!* §V of or guarantee the bonds or dividends of any other corporation; and the amount of...

...Consolidated Railway Company." It is important to determine what is meant by the words, " shall not directly or indirectly subscribe for, take or hold the stock or bonds," etc. Doubtless one purpose of the provision was to protect minority stockholders from the risk of detrimental...

...unless authorized by the general court or by the provisions of the following five sections, shall not, directly or indirectly, subscribe for, take or hold...the bonds or dividends of any other corporation." This is a re-enactment of a statute that has been in force since 1874, and reflects the policy of the...

...unless authorized by the general court or by the provisions of the following five sections, shall not, directly or indirectly, subscribe for, take or hold...stock or bonds of or guarantee the bonds or dividends 160 [Jan. of any other corporation." The Supreme Judicial Court of the Commonwealth (May 8, 1908) decided...