If a corporation is created to exist for a specified time, it will be dissolved ipso facto upon the expiration of such period. The legislature of the state which created the corporation, however, may extend the life of the corporation by a subsequent act.13

9 Santa Rosa, City R. Co. vs.

Central 8t. R. Co., 38 Pac. Rep., 989.

10 McGinty vs. Athal Reservoir Co., 155 Mass., 183.

11 "Where a corporation consisting of several integral parts loses one or more of such parts, and the portion which remains has no power to supply the deficiency, the corporation becomes thereby dissolved. Thus, where a corporation was created and the powers and duties intrusted to the trustees a majority of whom was required to transact business and supply vacancies, the corporation was held dissloved where the number of trustees, had, by death or otherwise, been reduced to three."

12 Jones vs. Leadville Bank, 10 Colo., 464; Bruffett vs. Great Western R. Co., 25 III., 310; Curien vs. Santini, 16 La. Ann., 27; People vs. California College, 38 Cal., 172; Enfield Toll Bridge, Co. vs. Connecticut River Co., 7 Conn., 45; Evarts vs. Killingworth Mfg. Co., 20 Conn., 457.