Massachusetts General Laws

Mass. Gen. Laws ch. 156B, § 104 (2026)

Receivership; dissolved or terminated corporation; jurisdiction; application; powers of receiver

✓ current as of July 2026

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Section 104. If the existence of the corporation for other purposes is terminated (1) by dissolution under the provisions of section ninety-nine, one hundred, or one hundred and one, (2) by the expiration of the period for its duration limited by its articles of organization, or (3) in any other manner, the supreme judicial or superior court, upon application of a creditor or stockholder, shall have jurisdiction in equity to appoint one or more receivers to take charge of its estate and effects and to collect the debts and property due and belonging to it, with power to prosecute and defend suits in its name or otherwise, to appoint agents under them and to do all other acts which might be done by such corporation, if in being, which may be necessary for the final settlement of its unfinished business. The powers of such receivers and the existence of the corporation may be continued as long as the court finds necessary for said purposes.

Notes of Decisions

Cited in 5 cases, 1974–2004 · leading case: In Re Acushnet River & New Bedford Harbor Proceedings Re Alleged PCB Pollution, 675 F. Supp. 22 (D. Mass. 1987).

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In Re Acushnet River & New Bedford Harbor Proceedings Re Alleged PCB Pollution, 675 F. Supp. 22 (D. Mass. 1987). “receiver of the resuscitated Belleville pursuant to Mass.Gen.Laws ch. 156B, § 104 and extended its corporate life until further order of the Massachusetts Superior Court.”

Alkire v. Interstate Theatres Corp., 379 F. Supp. 1210 (D. Mass. 1974). · cites it 2× “M.G.L. c. 156B § 104. 6 It is undisputed from the record that the defendant corporations are in existence today.”

Brattman v. Sec'y of the Commonwealth, 658 N.E.2d 159 (Mass. 1995). “156B, § 102, may be put into receivership under G. L. c. 156B, § 104 (1994 ed.), or may be revived under G.”

ITT Com. Fin. Corp. v. Cullen (In re Antinarelli Enter., Inc.), 107 B.R. 410 (D. Mass. 1989). “ITT argues that pursuant *413 to Mass.Gen. Laws ch. 156B, §§ 104, 105, control of the debtor’s estate and effects, upon appointment of a receiver, is vested in the receiver.”

Colecchi v. Gould Title Co., 18 Mass. L. Rptr. 319 (Mass. Super. Ct. 2004). “Moreover, any defect in Colecchi’s ability to assert a claim on behalf of the corporation could be remedied by the filing of a petition to revive the corporation pursuant to G.L.c. 156B, §104. Exhibit C to Plaintiffs Opposition to Motion for Summary Judgment.”

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