License to issue contracts required--Violation as misdemeanor.

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58-39-5. License to issue contracts required--Violation as misdemeanor.

A corporation subject to the provisions of this chapter may issue contracts only when the director has by formal license authorized it to do so. Violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111, ch 30, §6; SL 1978, ch 359, §2.


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