Mass. Gen. Laws ch. 158 § 30

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 158:30 - Failure to pay assessment; sale of shares

If the stockholder neglects to pay an amount duly assessed on his shares for thirty days after the time appointed for payment, the treasurer of the corporation may sell by public auction a sufficient number thereof to pay all assessments then due from him with necessary and incidental charges.

Mass. Gen. Laws ch. 158, § 30