Section 89 of Chapter 71 of the general laws is hereby amended in section (ee) by inserting the following additional paragraph:-
The board may also, on its own motion or by request, reconsider its grant of a charter and revoke or suspend said charter within six months of approval of that charter; provided, that the revocation must be accompanied by written findings explaining the action of the board; provided further, that the charter applicant shall be given sufficient notice and an opportunity to be heard before the board on the matter.
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