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

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.