Code of Massachusetts Regulations
950 CMR - OFFICE OF THE SECRETARY OF THE COMMONWEALTH
Title 950 CMR 107.00 - Foreign Corporations
Section 107.10 - Penalties For Failure To File; False Statements

Every foreign corporation which fails to file a Foreign Corporation Certificate as required by M.G.L. c. 181, § 4, and 950 CMR 107.03, or an Amended Foreign Corporation Certificate as required by M.G.L. c. 181, § 4, and 950 CMR 107.04, shall be fined not more than $500.00 for each such failure and for each year that such failure shall continue.

Every foreign corporation which fails to file an annual report of condition as required by M.G. L. c. 181, § 4, and 950 CMR 107.05, and then fails to file after proper notice is served in accordance with M.G.L. c. 182, § 9, shall be fined not more than ten dollars for each day for fifteen days after the expiration of the 30-day grace period granted by M.G.L. c. 182, § 9, and not more than $200.00 for each day thereafter during which such default continues, or any lesser sum that the court may deem just and equitable. The Supreme Judicial Court in Suffolk County may issue an injunction restraining further prosecution of the business of the foreign corporation, and further exercise of any corporate rights, privileges or franchises in the Commonwealth, until such penalties, as described above, with interest and cost have been paid and until the foreign corporation has filed the required certificates or reports.

Whoever knowingly makes, executes, files or publishes any report or statement required by law of the Commonwealth or of another state or country to be made, executed, filed, or published by a foreign corporation, which report or statement is false in any material representation shall be punished by a fine of not more than $5,000.00 or by imprisonment for not more than three years, or both, pursuant to M.G.L. c. 181, §§ 13 and 14.