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This entry was published on 2014-09-22
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SECTION 10
Injunction against joint-stock association
General Associations (GAS) CHAPTER 29, ARTICLE 2
§ 10. Injunction against joint-stock association. An injunction
order, suspending the general and ordinary business of a joint-stock
association, consisting of seven or more persons, or suspending from
office, or restraining from the performance of his duties, a trustee,
director, or other officer thereof, can be granted only by the court,
upon notice of the application therefor, to the proper officer of the
association, or to the trustee, director, or other officer enjoined. If
such an injunction order is made, otherwise than as prescribed in this
section, it is void.