Massachusetts General Laws
Mass. Gen. Laws ch. 266, § 74 (2026)
Corporate credit; fraudulent use
✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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Section 74. An officer, agent, clerk or servant of a corporation organized or doing business in the commonwealth, who wilfully uses the name of such corporation, or his own name as such officer, agent, clerk or servant, to obtain money upon the credit of such corporation for his own use or benefit, without authority from such corporation, or who fraudulently lends, invests or appropriates the money or disposes of the property of such corporation, or fraudulently converts it, shall be punished by imprisonment in the state prison for not more than ten years.
Notes of Decisions
Cited in 3
cases, 1967–1997 · leading case: Commonwealth v. Hamblen, 225 N.E.2d 911 (Mass. 1967).
Commonwealth v. Hamblen, 225 N.E.2d 911 (Mass. 1967). “266, § 67 (false entries in corporate books), and two indictments alleging violation of G. L. c. 266, § 74 (fraudulent use of corporate credit).”
Commonwealth v. Schmukler, 494 N.E.2d 48 (Mass. App. Ct. 1986). “208, § 62 (1902) [now G. L. c. 266, § 74], to require a fraudulent intent).”
Commonwealth v. Ball, 6 Mass. L. Rptr. 627 (Mass. Super. Ct. 1997). “907 §24B); and fraudulent use of a credit card (G.L.c. 266, §74). Each defendant has filed a motion to suppress all evidence seized as a result of a warrantless stop by the Quincy Police on November 25, 1996.”
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