- Any corporation chartered under the laws of the state which violates any of the provisions of either § 47-25-101 or § 47-25-102 shall thereby forfeit its charter and its franchise, and its corporate existence shall thereupon cease.
- Every foreign corporation which commits such a violation is denied the right to do, and is prohibited from doing, business in this state.
- It is the duty of the attorney general and reporter to enforce this section.