Section 3: Trusts owning or controlling certain public utilities; filing copy of declaration of trust
117 words·~1 min read·
/ma/part-i/title-xxii/chapter-182/3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 3. The trustees of an association or trust who own or control a majority of the capital stock of a railroad, street railway, electric railroad, elevated railway, gas, electric or water company, or corporation engaged in the common carriage of passengers by motor vehicle shall also file a copy of the written instrument or declaration of trust creating it with the department and shall also within thirty days after the adoption of any amendment of such instrument or declaration file a copy thereof with the department.
Every such trustee who fails to comply with the foregoing requirements shall be punished by a fine of not more than five hundred dollars or by imprisonment for three months.