Massachusetts Supreme Judicial Court May 8, 1908 (Attorney General v. New York, New Haven, & Hartford Railroad)

Knowlton, C. J.

In the St. 1906, c. 463, Part II. § 57, is the following provision: “ A railroad corporation, 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 stock or bonds of or guarantee the bonds or dividends of any other corporation.