Grant or gift not to fail for informality; default, etc., of trustees, officers or agents not to work forfeiture.
No grant or gift, by will or otherwise, shall fail on account of any misnomer or informality when the intent of the grantor or donor can be arrived at, nor shall any default, malfeasance, misfeasance or nonuser, on the part of the trustees or other officers or agents of such corporation, work a forfeiture of any of its rights, privileges, powers or franchises.
(Acts 1967, No. 239, p. 615, §9.)Section: Previous 16-52-4.1 16-52-5 16-52-6 16-52-7 16-52-8 16-52-9 16-52-10 16-52-11 16-52-12 16-52-12.1 16-52-13 16-52-14 16-52-15 16-52-16 Next
Last modified: November 15, 2016