Smith and Keenan's Company Law for Students

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Language: English

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Size: 13.16 MB

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Subchapter A is referred to in sections 5331, 7306 of this title; section 3702 of Title 22 (Detectives and Private Police). (a) General rule.--Except as provided in subsection (b), corporations may be incorporated under this article for any lawful purpose or purposes, including, but not limited to, any one or more of the following or similar purposes: athletic; any lawful business purpose to be conducted on a not-for-profit basis; beneficial; benevolent; cemetery; charitable; civic; control of fire; cultural; educational; encouragement of agriculture or horticulture; fraternal; health; literary; missionary; musical; mutual improvement; patriotic; political; prevention of cruelty to persons or animals; professional, commercial, industrial, trade, service or business associations; promotion of the arts; protection of natural resources; religious; research; scientific and social. (b) Exception.--Except as otherwise provided by Title 40 (relating to insurance) or the act of December 29, 1972 (P.

Pages: 544

Publisher: FT Prentice Hall; 11th edition (February 1999)

ISBN: 0273638343

Upon timely filing of the continuation statement, the effectiveness of the original filing shall be continued for five years after the last date to which the filing was effective whereupon it shall lapse in the same manner as provided in subsection (f) unless another continuation statement is filed prior to such lapse ref.: click here. The date the board of directors adopted the resolution requesting cancellation/revocation of the certificate of registration. A later effective date shall be granted upon written request of the corporation Introduction to Company Law. It is granted by statute to the stockholder, it is given to him as such and germane to the petitioner's interest as a stockholder, and has to be good faith, for specific and honest purpose, and not to gratify curiosity, or for specific and honest purpose, and not to gratify curiosity, or for speculative or vexatious purposes ref.: read online. Regarding the management of the business and regulation of the affairs of the corporation; c. Defining, limiting and regulating the powers of the corporation, its directors, and its members; and d. Any provision that under this Act is required or permitted to be set forth in the bylaws. The articles of incorporation need not set forth any of the corporate powers enumerated in this Act home-investments.com. Certificates for shares may be issued but are not required. [110] Unless otherwise provided in the Code, the rights and obligations of shareholders are identical whether or not their shares are represented by certificates. [111] If a corporation issues uncertificated shares, an information statement must be sent to the security holder containing the information required to be set forth on the certificate pursuant to W , e.g. usaaddress.net.
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