Massachusetts General Laws ch. 174B sec. 11 – Suspension, revocation or refusal of club agent’s registration; grounds
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Section 11. The commissioner may suspend, revoke or refuse to renew any club agent’s registration, if he finds that the club agent:
Terms Used In Massachusetts General Laws ch. 174B sec. 11
- Contract: A legal written agreement that becomes binding when signed.
- Fiduciary: A trustee, executor, or administrator.
- Fraud: Intentional deception resulting in injury to another.
(a) has violated any of the provisions of this chapter;
(b) has misappropriated or converted to his own use or has illegally withheld monies required to be held in a fiduciary capacity;
(c) has materially misrepresented the terms or effects of any contract or has engaged in any fraudulent transaction;
(d) has shown himself to be incompetent, untrustworthy or a source of injury and loss to the automobile-club-service-buying public;
(e) has been convicted of a crime involving fraud or dishonesty.