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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 156 - Business Corporations
Section 51 - Appointment of Receiver
Universal Citation: MA Gen L ch 156 § 51 (2019)
Section 51. Under the circumstances set forth in section fifty-two of chapter one hundred and fifty-five, or if a judgment has been recovered against a corporation, and it has neglected for thirty days after demand made on execution to pay the amount due with the officer's fees, or to exhibit to the officer real or personal property belonging to it and subject to be taken on execution sufficient to satisfy the same, and the execution has been returned unsatisfied, one or more receivers may be appointed with the powers and duties provided in, and subject to, said section.
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