Qualification and Power. Each of CFSB's subsidiaries is qualified or admitted to conduct business in each state where such qualification or admission is required except that state or those states where the failure to be so qualified or admitted would not have a Material Adverse Effect on CFSB. Each of CFSB's subsidiaries has full corporate power and authority to carry on its business as and where now being conducted.
Appears in 2 contracts
Sources: Merger Agreement (Old Kent Financial Corp /Mi/), Merger Agreement (CFSB Bancorp Inc)