ยง481-8 - Duty of attorney general to prosecute.
ยง481-8ย Duty of attorney general to
prosecute.ย Upon the third violation of any of the provisions of sections
481-1 to 481-7 by any corporation, each of such violations having been proved
in a separate court action, the attorney general shall institute proper action
in a court of competent jurisdiction to forfeit the charter, rights,
franchises, or privileges and powers exercised by the corporation, and to
permanently enjoin it from transacting business in the State.ย If in such
action the court finds that the corporation is violating or has violated any of
the provisions of sections 481-1 to 481-7, it shall enjoin the corporation from
doing business in the State permanently or for such time as the court shall
order, or annul the charter, or revoke the franchise of the corporation. [L
1937, c 223, ยง8; RL 1945, ยง9328; am L 1955, c 241, ยง1(e); RL 1955, ยง205-9; HRS
ยง481-8]