26.1-16-07. Articles of incorporation - Filing - Approval - Deposit required - Authority to solicit

26.1-16-07. Articles of incorporation - Filing - Approval - Deposit required - Authority to solicit. The articles of incorporation must be submitted to the commissioner who shall examine the articles to ascertain whether they comply with all applicable requirements of the law. After the articles have been approved by the commissioner, they must be filed in the office of the secretary of state, and a certified copy must be filed with the commissioner. The society shall deposit with the commissioner United States government bonds, United States treasury certificates, bonds of the state of North Dakota, or certificates of deposit of the Bank of North Dakota in the amount of at least two hundred fifty dollars. Upon filing the certified copy of its articles and making the deposit, the society may solicit and secure the necessary preliminary members as the basis for the issuance to it of a certificate of authority. The solicitation of such members, however, must be conducted in accordance with any applicable rules adopted by the commissioner.