Mass. Gen. Laws » Part I Title XXII Chapter 156B
Massachusetts General Laws

Mass. Gen. Laws ch. 156B, § 105 (2026)

Receivership; corporation as judgment debtor; powers of receiver

✓ current as of July 2026
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Section 105. If a judgment has been recovered against a corporation and it has neglected for thirty days after demand made on execution to pay the amount due with the officer's fees, or to exhibit to the officer real or personal property belonging to it and subject to be taken on execution sufficient to satisfy the same and the execution has been returned unsatisfied, one or more receivers may be appointed with the powers and duties provided in, and subject to, section one hundred and four.

Notes of Decisions
Cited in 4 cases, 1974–1983 · leading case: George Altman, Inc. v. Vogue Internationale, Inc., 314 N.E.2d 913 (Mass. 1974).
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George Altman, Inc. v. Vogue Internationale, Inc., 314 N.E.2d 913 (Mass. 1974). “Altman was apparently seeking to allege sufficient facts to justify the appointment of a receiver pursuant to G. L. c. 156B, § 105. 1 Altman alleged that it had obtained a judgment and execution against Vogue in February, 1972, and that, despite numerous attempts by deputy…”
Goldstein v. Columbia Diamond Ring Co. Inc., 323 N.E.2d 344 (Mass. 1975). “The appointments were made in a proceeding brought against the corporation under G. L. c. 156B, § 105, inserted by St. 1964, c.”
First Nat'l Bank v. Sullivan, 350 N.E.2d 473 (Mass. App. Ct. 1976). “Without being exhaustive, “diligent” efforts to “secure payment” will require the prosecution of proceedings against Norfolk under G. L. c. 156B, § 105, before Loew can resort to the captive securities of Norfolk.”
Smola v. Manuel Camara, Jr. Ins. Agency, Inc., 16 Mass. App. Ct. 908 (Mass. App. Ct. 1983). “Although such jurisdiction may not have been conferred on the Probate Court by G. L. c. 156B, § 105 (compare Foster v. Evans, 384 Mass.”
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