Section 4004. When corporate existence begins; conditions precedent to commencing business

1. When the superintendent shall have endorsed  his  approval  on  the organization certificate as provided in article two of
  this chapter, the corporate existence of the corporation shall begin and
  such corporation shall then have power to elect  officers  and  transact
  such  other  business  as  relates to its organization. Such corporation
  shall transact no other business until:
    (a) All of its capital stock, except such shares as may be reserved in
  accordance  with  any  provision  made  therefor  in  the   organization
  certificate, shall have been fully paid in cash and an affidavit stating
  that  it  has  been  so  paid,  subscribed  and  sworn  to by two of its
  principal officers, shall have  been  delivered  to  and  filed  by  the
  superintendent.
    (b)  In  the case of a bank or trust company, stock-form savings bank,
  or stock-form savings  and  loan  association,  there  shall  have  been
  delivered to and filed by the superintendent a list of its stockholders,
  verified  by  two of its principal officers, giving the name, residence,
  post-office address and the number of  shares  of  stock  held  by  each
  stockholder;  which  list  shall become a confidential communication and
  shall not be filed in the office of the county clerk or be made  public,
  unless,  in  the  judgment of the superintendent, the ends of justice or
  the public advantage will be subserved by the publication thereof;
    (c) The superintendent shall have duly issued to it the  authorization
  certificate specified in article two of this chapter.