§ 50

Reorganization of corporations formed prior to 1915 If the Secretary of State receives articles of association of a corporation to be formed under this chapter for the purpose of acquiring the assets and continuing the business of a corporation formed by special act or under the general laws of this State prior to April 1, 1915, and such fact is established by affidavit to his or her satisfaction, he or she shall record such articles of association of such corporation on payment of a fee of $15.00 and such corporation may assume the name of the corporation whose assets and business are to be so acquired. (Amended 1963, No. 37, § 1; 1967, No. 278 (Adj. Sess.), § 3.)