17-5206


Chapter 17.--CORPORATIONS


Article 52.--SAVINGS AND LOAN CODE; INCORPORATION AND ORGANIZATION

     
17-5206.   When corporate existence begins; extension of period.
The corporate existence of an association shall begin when the
commissioner shall issue the certificate of incorporation of the
association, and such existence shall be for a period of fifty years:
Provided, That such period of existence may be extended for an
additional period of fifty (50) years by the savings and loan board.

     
History:   L. 1943, ch. 133, § 7; L. 1968, ch. 190, § 1; July 1.