17-5206. When corporate existence begins; extension of period. - Kansas Statutes

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.