318.05 UNLAWFUL TO TRANSACT BUSINESS PRIOR TO COMPLIANCE.
No such association organized after April 20, 1961, may transact or conduct any business,
within this state, under any "declaration of trust" or "business trust" without first complying with
the provisions and requirements of sections
318.01 and
318.02 and in addition thereto complying
with the provisions and requirements of sections
318.03 and
318.04 when applicable.
History: 1961 c 740 s 6; 1965 c 732 s 4