79-19-45 - Association heretofore organized may adopt the provisions of this chapter.
§ 79-19-45. Association heretofore organized may adopt the provisions of this chapter.
Any corporation or association organized under previously existing statutes, or any foreign corporation or association heretofore authorized by the laws of this state to do business in this state, or any foreign corporation or association organized under the laws of another state, may by a majority vote of its directors or members be brought under this chapter. It shall make out in duplicate a statement signed and sworn to by a majority of its directors, to the effect that the corporation or association has by a majority vote of its directors decided to accept the benefits and be bound by the provisions of this chapter. Articles of association shall be filed as required herein except that they shall be signed by a majority of the members of the board of directors. The filing fee shall be the same as for filing an amendment to articles of association.
Sources: Codes, 1930, § 4121; 1942, § 4516; Laws, 1922, ch. 179.