Title 2, Chapter 10, Section 95
( 2-10-95)
Each association incorporated and organized after April 3, 1978,
pursuant to this article shall have perpetual duration unless a
limited period of duration is provided for and stated in its charter
or articles of incorporation or in an amendment thereto. Each
association incorporated and organized pursuant to this article
which is in existence on April 3, 1978, shall have perpetual
duration unless a limited period of duration is thereafter provided
for and stated in an amendment to its charter or articles of
incorporation. |