Section 8. Violations of the preceding section shall be punished by a fine of not more than two thousand dollars or by imprisonment for not more than one year. Any such violation, if by a domestic corporation, shall operate as a forfeiture of its franchise and, if by a foreign corporation, association or organization, as a discontinuance of its right to do business in the commonwealth; and the supreme judicial or superior court, upon the application of the state secretary, may enjoin such foreign corporation, association or organization from further continuing its business in the commonwealth. The court may appoint a receiver to take possession of the property of such corporation, association or organization, and to close up the business, subject to the order of the court.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Section 2 - Accounts, Notes, Bonds or Other Instruments Expressed in Other Moneys
Section 4 - Issuance of Registered Bonds
Section 10 - Determination of Damages in Contract Action
Section 13 - Certification of Protest by Notary; Prima Facie Evidence
Section 45a - Use of Facsimile Signatures on Checks Drawn by Treasurers of Public Bodies