Current through the 2024 Regular Session
Section 30-29-301 - PURPOSES(a) Every corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.(b) A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.[30-29-301, added 2015, ch. 243, sec. 58, p. 907; am. 2019, ch. 90, sec. 23, p. 242.]Amended by 2019 Session Laws, ch. 90,sec. 23, eff. 7/1/2019.Added by 2015 Session Laws, ch. 243,sec. 58, eff. 7/1/2015.