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

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