Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Section 32.35.050 Approved articles to be filed and recorded -- Organization complete

§ 32.35.050. Approved articles to be filed and recorded -- Organization complete

In case of approval the director shall immediately give notice to the proposed incorporators and file one of the copies of the articles of incorporation in his or her own office, and shall transmit another copy to the secretary of state, and the last to the incorporators. Upon receipt from the proposed incorporators of the fees as are required for filing and recording other articles of incorporation, the secretary of state shall file and record the articles. Upon the filing of articles of incorporation approved by the director with the secretary of state, all persons named in the articles and their successors shall become and be a corporation, which shall have the powers and be subject to the duties and obligations prescribed by this title, and whose existence shall continue from the date of the filing of such articles until terminated pursuant to law; but such corporation shall not transact any business except as is necessarily preliminary to its organization until it has received a certificate of authority.

[1999 c 14 § 5.]

Sections:  Previous  32.35.010  32.35.020  32.35.030  32.35.040  32.35.050  32.35.055  32.35.060  32.35.070  32.35.080  32.35.090  32.35.900  Next

Last modified: April 7, 2009