40-1609. Power of corporation to exchange contracts.
40-1609
40-1609. Power of corporation to exchange contracts.Any corporation now or hereafter organized under the laws of this state,shall, in addition to the right, powers and franchises specified in itsarticles of incorporation, have full power and authority to exchangecontracts of the kind and character herein mentioned. The right to exchangesuch contracts is hereby declared to be incidental to the purposes forwhich such corporations are organized and as much granted as the rights andpowers expressly conferred.
History: L. 1927, ch. 231, 40-1609; June 1.