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.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 4. Development Corporation Act
32-4-201. Incorporators -- general powers -- capital stock -- articles of incorporation
32-4-203. Certificate of incorporation
32-4-204. Effect of failure to commence business
32-4-205. Amendment of articles of incorporation