When the articles of incorporation and the superintendent of financial institutions' certificate of approval are filed with the secretary of state, the persons who have subscribed them or their successors and assigns shall become a body corporate by the name designated in the articles of incorporation, with succession. The legal existence of the bank begins upon the filing of the articles of incorporation and, unless the articles of incorporation otherwise provide, its period of existence is perpetual.
Effective Date: 01-01-1997
Section: 1103.01 1103.02 1103.03 1103.04-1103.05 1103.06 1103.061-1103.062 1103.07 1103.08 1103.09 1103.10 1103.11 1103.12 1103.13 1103.14 1103.15 NextLast modified: October 10, 2016