§ 15-4-913 - Beginning of corporate existence -- Certificate as evidence. - Arkansas Statutes

15-4-913. Beginning of corporate existence -- Certificate as evidence.

(a) Upon the issuance of the certificate of incorporation by the Bank Commissioner, the corporate existence of the development finance corporation shall begin.

(b) The certificate of incorporation shall be conclusive evidence, except as against the state, that all conditions precedent required to be performed by the applicants have been complied with and that the development finance corporation has been incorporated under this subchapter.

(c) A copy of the articles of incorporation so endorsed by the commissioner, as prescribed in 15-4-912, shall be filed for recordation in the office of the county clerk in the county in which the principal office of the development finance corporation is located.