9-807. Validation of acts done under lapsed articles of incorporation.
9-807
9-807. Validation of acts done under lapsed articles of incorporation.
The acts of any bank or trust company whose charter or articles of
incorporation have lapsed or terminated by the expiration of time are
hereby legalized and declared to be valid in the same manner and to the
same effect as though said banks and trust companies had been duly
incorporated at all times since their organization and prior to the
enactment of this act.
History: L. 1947, ch. 102, § 10; June 30.