Any five (5) or more qualified natural persons who shall be bona fide residents of the same county or region in this state to be served by the proposed company and who desire to associate themselves for the purpose of establishing and operating a company may subscribe, acknowledge, and file with the Bank Commissioner for preliminary approval proposed articles of incorporation in the case of a corporation and articles of organization and an operating agreement in the case of a limited liability company, in duplicate, as authorized by ยง 15-4-1211.
Section: Previous 15-4-1202 15-4-1203 15-4-1204 15-4-1205 15-4-1206 15-4-1207 15-4-1208 15-4-1209 15-4-1210 15-4-1211 15-4-1212 15-4-1213 15-4-1214 15-4-1215 NextLast modified: November 15, 2016