35-2-117. Purposes. (1) A corporation incorporated under this chapter has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in the articles of incorporation.
(2) A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if the incorporation under this chapter is not prohibited by the other statute. The corporation is subject to all limitations of the other statute.
History: En. Sec. 28, Ch. 411, L. 1991.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 2. Nonprofit Corporations
35-2-116. Reservation of power to amend or repeal
35-2-121. Effective date of document
35-2-122. Correcting filed document
35-2-123. Penalty for signing false documents
35-2-124. and 35-2-125 reserved
35-2-126. Designation of status of nonprofit corporations
35-2-128. Religious corporations -- constitutional protections