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17-1722. Corporations for the promotion of labor and industry; fees; tax exempt.

17-1722

Chapter 17.--CORPORATIONS
Article 17.--RELIGIOUS, CHARITABLE AND OTHER ORGANIZATIONS

      17-1722.   Corporations for the promotion of labor and industry; fees; tax exempt. That five or more persons may form a corporation for the purpose of promoting the interest and welfare of labor and industry, which corporation shall not engage in business for profit; and no such corporation shall be required to pay any corporation taxes or any fees except filing and recording fees; the affairs of such corporation shall be managed by a board of directors composed of not less than five members.

      History:   L. 1920, ch. 24, § 1; Feb. 6; R.S. 1923, 17-1722.

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