Section 14.29 Limited Judgment

• Library: App Ct Prac 2015 Supp

E. (§14.29) Limited Judgment

The court may also, in its discretion, enter a judgment of ouster only as to unauthorized activities by the corporation, leaving it secure in its lawful scope of operation. Corporations have been ousted from such activities as collecting increased insurance premiums without the approval required by law and engaging in branch banking, contrary to a statutory prohibition against such practices, while they were left free to continue their legitimate operations. See State ex inf....