A company may purchase and hold real and personal estate necessary or convenient for the operation of its railway; but it shall not, except as provided in section sixty-four, directly or indirectly, subscribe for, take or hold stock or bonds of any such company organized under general laws unless specially so authorized by the general court.
Mass. Gen. Laws ch. 161, § 41
Real and personal estate; stock or bonds of other street railways
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.