32-4-204. Effect of failure to commence business.
32-4-204. Effect of failure to commence business. If a corporation organized pursuant to this chapter shall fail to begin business within 5 years from the effective date of its articles of incorporation, then said articles shall become null and void.
History: En. Sec. 16, Ch. 128, L. 1969; R.C.M. 1947, 15-2616.