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AGO Opinions with Topic: TERM OF CORPORATE EXISTENCE
AGO 1956 No. 220 >  March 9, 1956
CORPORATIONS - AGRICULTURAL COOPERATIVE ASSOCIATIONS - TERM OF CORPORATE EXISTENCE
CORPORATIONS ‑- AGRICULTURAL COOPERATIVE ASSOCIATIONS ‑- TERM OF CORPORATE EXISTENCE. The life of an agricultural cooperative association is limited by statute to a term not exceeding fifty years, and the corporate existence cannot be prolonged by an amendment to the articles of incorporation providing for a term in excess of fifty years without remedial legislation.
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