30-14-223. Department to institute suit. Upon the third violation of any of the provisions of 30-14-205 through 30-14-218 by any business, the department shall institute proper suits or quo warranto proceedings in a court of competent jurisdiction for the forfeiture of its charter, rights, franchises or privileges, and powers exercised by such business and to permanently enjoin it from transacting business in this state. If in such action the court finds that the business is violating or has violated any of the provisions of 30-14-205 through 30-14-218, it shall enjoin the business from doing business in this state permanently or for such time as the court orders or shall annul the charter or revoke the franchise of such business.

     History: En. Sec. 8, Ch. 80, L. 1937; Sec. 51-109, R.C.M. 1947; amd. and redes. 51-523 by Sec. 23, Ch. 518, L. 1977; R.C.M. 1947, 51-523; amd. Sec. 137, Ch. 575, L. 1981.