Massachusetts General Laws ch. 156B sec. 10 – Unauthorized exercise of franchise or privilege or transaction of business; injunction
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Section 10. Upon an information in equity by the attorney general at the relation of the state secretary, the supreme judicial or superior court may restrain by injunction any corporation from assuming or exercising any franchise or privilege or transacting any kind of business not authorized by its articles of organization and the laws of the commonwealth.
Terms Used In Massachusetts General Laws ch. 156B sec. 10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.