Section 10.15.345. Effect of certificate of incorporation.

Latest version.

Upon the issuance of the certificate of incorporation, the corporate existence begins, and the certificate of incorporation is conclusive evidence that all conditions precedent required to be performed by the incorporators have been complied with and that the cooperative has been incorporated under this chapter, except as against the state in a proceeding to cancel or revoke the certificate of incorporation or for involuntary dissolution of the cooperative.

Notes

History

(Sec. 38(4) ch 107 SLA 1959)

                    
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