§ 53-9. Transactions preliminary to beginning business.
§53‑9. Transactions preliminary to beginning business.
No such corporation shalltransact any business except such as is incidental and necessarily preliminaryto its organization until it has been authorized to do so by the Commissionerof Banks. (1921, c. 4, s. 9; C.S., s. 217(h); 1931, c. 243, s.5.)