Section 30: Failure to pay assessment; sale of shares
51 words·~1 min read·
/ma/part-i/title-xxii/chapter-158/30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 30. 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.