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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 167 - Supervision of Banks
Section 2f - Violations of Cease and Desist Orders; Penalties
Universal Citation: MA Gen L ch 167 § 2f (2019)
Section 2F. Any bank which violates a cease and desist order of the commissioner under section two D after it has become final, and while such order is in effect, shall forfeit and pay to the commonwealth a sum not to exceed ten thousand dollars for each violation, which sum may be recovered in a civil action. Upon order of the commissioner, such bank shall also be subject to the suspension or revocation of its charter or such other relief as is reasonable and appropriate.
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