Montana Code 30-14-141. Dissolution or forfeiture of corporate franchise
Current as of: 2023 | Check for updates
|
Other versions
30-14-141. Dissolution or forfeiture of corporate franchise. Upon petition by the department, the district court may, in its discretion, order the dissolution, suspension, or forfeiture of franchise of any corporation which violates the terms of any injunction issued under 30-14-111.
Terms Used In Montana Code 30-14-141
- 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.
- Department: means the department of justice created in 2-15-2001. See Montana Code 30-14-102
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.