As Amended
SEC. 79-5-35. Effect of failure to begin business.
Should a corporation organized pursuant to this chapter fail to begin business within two (2) years from the effective date of its charter, its charter shall become null and void.
SOURCES: Codes, 1942, Sec. 5390-18; Laws, 1960, ch. 186, Sec. 18; 1969, Ex Sess, ch. 26, Sec. 1, eff from and after passage (approved September 8, 1969).