(a) Upon the third violation of any of the provisions of this subchapter by any corporation, it shall be the duty of the Attorney General to institute proper suits or quo warranto proceedings in any court of competent jurisdiction for the forfeiture of its charter, rights, franchises, or privileges and powers exercised by the corporation, and to permanently enjoin it from transacting business in this state.
(b) If in such action the court finds that the corporation is violating or has violated any of the provisions of this subchapter, it must enjoin the corporation from doing business in this state permanently or for such time as the court shall order, or must annul the charter or revoke the franchise of the corporation.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 6 - Business Practices
Subchapter 2 - Unfair Practices Act
§ 4-75-205. Forfeiture of charter, rights, etc. — Proceedings
§ 4-75-206. Contracts violating subchapter illegal
§ 4-75-207. Destruction of competition by price discrimination prohibited
§ 4-75-208. Secret payments or allowance of rebates, refunds, etc. — Penalty
§ 4-75-209. Sale at less than cost or with intent to injure competitors
§ 4-75-210. Liability of directors, officers, agents, etc. — Proof of unlawful intent
§ 4-75-211. Remedies — Witnesses and documents — Immunity
§ 4-75-212. Civil actions and settlements by the Attorney General
§ 4-75-214. Awards to the Attorney General — Use of moneys
§ 4-75-215. Action not barred because it affects interstate or foreign commerce