CFB ORGANIZATION Sample Clauses
CFB ORGANIZATION. CFB is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with authorized capital stock consisting of 30,000,000 shares of common stock, par value of $.01 per share, of which 20,323,046 shares were issued and outstanding as of December 31, 1997 and 2,000,000 shares of preferred stock, no shares of which were issued and outstanding as of December 31, 1997. CFB has all requisite power, authority, charters, licenses and franchises necessary or required by law to carry on the business activity in which it is presently engaged, except where the failure to have any such power, authority, charter, license or franchise would not reasonably be expected to have a material adverse effect on CFB. CFB is registered as a company under Section 1841 of Title 12, United States Code, as amended (the "Bank Holding Company Act").
CFB ORGANIZATION. CFB is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with authorized capital stock consisting of 30,000,000 shares of common stock, par value of $.01 per share, of which 18,672,914 shares were issued and outstanding as of June 30, 1997 and 2,000,000 shares of preferred stock, none of which were issued and outstanding as of June 30, 1997. CFB has all requisite power, authority, charters, licenses and franchises necessary or required by law to carry on the business activity in which it is presently engaged. CFB is registered as a corporation under Section 1841 of Title 12, United States Code, as amended (the "Bank Holding Company Act").
CFB ORGANIZATION. CFB is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with authorized capital stock consisting of 30,000,000 shares of common stock, par value of $.01 per share, of which 18,658,951 shares were issued and outstanding as of March 31, 1997 and 2,000,000 shares of preferred stock, none of which were issued and outstanding as of March 31, 1997. CFB has all requisite power, authority, charters, licenses and franchises necessary or required by law to carry on the business activity in which it is presently engaged. CFB is registered as a corporation under the BHCA.