Director to approve articles and issue license.

537.630. Director to approve articles and issue license. — The director of the department of commerce and insurance shall, within thirty days after the articles of association are filed with him, determine if the proposed association meets the requirements of sections 537.600 to 537.650 . If it does, he shall issue a license to the association authorizing it to do business for a one-year period. (L. 1978 H.B. 1650 § 5)