FORMATION AND UNION OF RAILROAD CORPORATIONS; LEASES AND EXTENSIONS
367:41 Retirement of Stock.
Whenever a corporation becomes the owner of any of its stock, under the provisions of this chapter, it shall sell or retire the same within 2 years after it becomes such owner. Unless it can sell the same at private sale for as much as it cost the corporation, it shall make the sale by auction, and may make it in the Boston market.
Source. PS 156:41. PL 246:39. RL 296:39.