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This entry was published on 2014-09-22
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SECTION 4
Certificate to be filed within sixty days and annually thereafter; penalty; evidence
General Associations (GAS) CHAPTER 29, ARTICLE 2
§ 4. Certificate to be filed within sixty days and annually
thereafter; penalty; evidence. Every joint-stock association
transacting business within this state shall, within sixty days after
its formation, and in each January thereafter, file with the secretary
of state, and with the clerk of the county in which its principal
business is carried on, a written certificate, signed and verified by
its president and treasurer, stating the name and date of organization
of such association, the number of its stockholders, the names and
places of residence of its officers, and its principal place of
business. Any such certificate, the record thereof, or a certified copy
of such certificate or record shall be presumptive evidence of the truth
of all facts therein stated against such association, its officers and
stockholders. The officers of a joint-stock association who fail to
comply with the provisions of this section shall be jointly and
severally liable to pay to the people of this state a penalty of fifty
dollars for each day such failure continues.