27-28-102. When proceeding may be brought against a corporation for misconduct. A like action may be brought against a corporation when it has:
(1) offended against a provision of an act for its creation or renewal or any act altering or amending such acts;
(2) forfeited its privileges and franchises by nonuser;
(3) committed or omitted an act which amounts to a surrender of its corporate rights, privileges, and franchises;
(4) misused a franchise or privilege conferred upon it by law or exercised a franchise or privilege not so conferred.
History: En. Sec. 1411, C. Civ. Proc. 1895; re-en. Sec. 6944, Rev. C. 1907; re-en. Sec. 9577, R.C.M. 1921; re-en. Sec. 9577, R.C.M. 1935; R.C.M. 1947, 93-6402.
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