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Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 351

previous next Effective - 29 May 1991, see footnotebottom

  351.386.  Purposes. — 1.  Every corporation incorporated under this chapter may engage in any lawful business unless a more limited purpose is set forth in the articles of incorporation; however, the corporation shall not be restricted to this limited purpose, unless it has stated it is so restricted in its articles of incorporation.

  2.  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.

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(L. 1990 H.B. 1432, A.L. 1991 H.B. 219)

Effective 5-29-91


---- end of effective   29 May 1991 ----

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