FORM OF OPINION. (a) The Company has been duly formed and is validly existing as a [TYPE OF ORGANIZATION] and is in good standing under the laws of the jurisdiction of its organization. The Company has all necessary power and authority to own, operate and lease its properties and to carry on its business as it is being conducted.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Midsouth Bancorp Inc), Securities Purchase Agreement (First Northern Community Bancorp), Securities Purchase Agreement (ServisFirst Bancshares, Inc.)
FORM OF OPINION. (a) The Company has been duly formed and is validly existing as a [TYPE OF ORGANIZATION] corporation and is in good standing under the laws of the jurisdiction of its organization. The Company has all necessary power and authority to own, operate and lease its properties and to carry on its business as it is being conducted.
Appears in 1 contract
Samples: Securities Purchase Agreement (Community Bank Shares of Indiana Inc)
