Future incorporation of cooperative banks prohibited

After March 22, 1937, it shall not be lawful to organize or create and there shall not be organized or created any cooperative bank as defined in § 4-30-201 , and the Secretary of State shall issue no certificates of incorporation or charters for cooperative banks. Acts 1921, No. 632, § 19 as added by Acts 1937, No. 287, § 1; Pope's Dig., § 2280; A.S.A. 1947, § 64-1519. After March 22, 1937, it shall not be lawful to organize or create and there shall not be organized or created any cooperative bank as defined in § 4-30-201 , and the Secretary of State shall issue no certificates of incorporation or charters for cooperative banks. Acts 1921, No. 632, § 19 as added by Acts 1937, No. 287, § 1; Pope's Dig., § 2280; A.S.A. 1947, § 64-1519.