51A-3-23. Extension of charter.
58 words·~1 min read·
/sd/title-51/chapter-51-3/51a-3-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Within one year prior to the expiration of the period for which it was incorporated a bank may, with the approval of at least a majority of the capital stock of such corporation, extend its corporate existence for an additional period, not to exceed twenty years, by amending its articles of incorporation as provided in § 51A-3-22 .