Filing of articles of incorporation or organization; filing of certificate of amendment of articles; effect of filing; admissibility of articles as evidence; limitation on validity.
1. Upon receipt of the certification from the Commissioner, the Secretary of State shall, if the articles of incorporation or organization are, or the certificate of amendment of the articles of incorporation or organization is, in accordance with law, file the articles or the certificate of amendment and cause the articles or certificate of amendment to be recorded in his office. The Secretary of State shall, upon the payment of the organization fees, certify under his official seal a copy of the original or amended articles. The certified copy of the original or amended articles must be filed in the Office of the Commissioner.
2. Upon completion of the requirements of subsection 1, the banking corporation or company is legally constituted under the name stated in the articles.
3. The articles, or a copy thereof, certified by the Secretary of State or the Commissioner, under their respective seals, are admissible as evidence in all courts and places, and are, in all judicial proceedings, prima facie evidence of the complete organization and incorporation of the banking corporation purporting to have been established by the articles.
4. The articles of a bank become void if the bank fails to complete its organization and open for business to the public within 6 months after the date of the filing of its articles or a certificate of amendment of its articles by the Secretary of State. The Commissioner may extend this limitation for good cause.
Last modified: February 26, 2006