58-40-5. 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 certificate or license authorized it to do so. Violation of this section is a Class 2 misdemeanor.
Source: SL 1966, ch 111, ch 21, § 18; SL 1978, ch 359, § 2.
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