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Chapter 1 - General Provisions
§ 1.01. Short title - § 1.01. Short title This title shall be known and...
§ 1.02. Reservation of power - § 1.02. Reservation of power Nothing contained in this title...
§ 1.20. Filing requirements - § 1.20. Filing requirements (a) A document must satisfy the...
§ 1.21. Forms - § 1.21. Forms (a) The Secretary of State may prescribe...
§ 1.22. Filing; service and copying fees - § 1.22. Filing; service and copying fees (a) The Secretary...
§ 1.23. Effective time and date of document - § 1.23. Effective time and date of document (a) Except...
§ 1.24. Correcting filed document - § 1.24. Correcting filed document (a) A domestic or foreign...
§ 1.25. Filing duty of Secretary of State - § 1.25. Filing duty of Secretary of State (a) If...
§ 1.26. Appeal from Secretary of State’s refusal to file document - § 1.26. Appeal from Secretary of State’s refusal to file...
§ 1.27. Evidentiary effect of copy of filed document - § 1.27. Evidentiary effect of copy of filed document A...
§ 1.28. Certificate of good standing - § 1.28. Certificate of good standing (a) Anyone may apply...
§ 1.29. Signing false documents - § 1.29. Signing false documents (a) No officer, director, or...
§ 1.30. Powers - § 1.30. Powers The Secretary of State has the power...
§ 1.40. Definitions - § 1.40. Definitions As used in this title: (1) “Articles...
§ 1.41. Notice - § 1.41. Notice (a) Notice under this title must be...
§ 1.42. Number of shareholders - § 1.42. Number of shareholders (a) For purposes of this...
Chapter 2 - Incorporation
§ 2.01. Incorporators - § 2.01. Incorporators One or more natural persons of majority...
§ 2.02. Articles of incorporation - § 2.02. Articles of incorporation (a) The articles of incorporation...
§ 2.03. Incorporation - § 2.03. Incorporation (a) Unless a delayed effective date is...
§ 2.04. Liability for preincorporation transactions - § 2.04. Liability for preincorporation transactions All persons purporting to...
§ 2.05. Organization of corporation - § 2.05. Organization of corporation (a) After incorporation: (1) if...
§ 2.06. Bylaws - § 2.06. Bylaws (a) The incorporators or board of directors...
Chapter 3 - Purposes and Powers
§ 3.01. Purposes - § 3.01. Purposes (a) Every corporation incorporated under this title...
§ 3.02. General powers - § 3.02. General powers Unless its articles of incorporation provide...
§ 3.04. Ultra vires - § 3.04. Ultra vires (a) Except as provided in subsection...
Chapter 4 - Name
§ 4.01. Corporate head - § 4.01. Corporate head (a) A corporate name: (1) shall...
§ 4.02. Reserved name - § 4.02. Reserved name (a) A person may reserve the...
§ 4.03. Registered name - § 4.03. Registered name (a) A foreign corporation may register...
Chapter 5 - Office and Agent
§ 5.01. Registered office and registered agent - § 5.01. Registered office and registered agent Each corporation must...
§ 5.02. Change of registered office or registered agent - § 5.02. Change of registered office or registered agent (a)...
§ 5.03. Resignation of registered agent - § 5.03. Resignation of registered agent (a) A registered agent...
§ 5.04. Service on corporation - § 5.04. Service on corporation (a) The corporation’s registered agent...
Chapter 6 - Shares and Distributions
§ 6.01. Authorized shares - § 6.01. Authorized shares (a) The articles of incorporation must...
§ 6.02. Terms of class or series determined by board of directors - § 6.02. Terms of class or series determined by board...
§ 6.03. Issued and outstanding shares - § 6.03. Issued and outstanding shares (a) A corporation may...
§ 6.04. Fractional shares - § 6.04. Fractional shares (a) A corporation may: (1) issue...
§ 6.20. Subscription for shares before incorporation - § 6.20. Subscription for shares before incorporation (a) A subscription...
§ 6.21. Issuance of shares - § 6.21. Issuance of shares (a) The powers granted in...
§ 6.22. Liability of shareholders - § 6.22. Liability of shareholders (a) A purchaser from a...
§ 6.23. Share dividends - § 6.23. Share dividends (a) Unless the articles of incorporation...
§ 6.24. Share options - § 6.24. Share options (a) A corporation may issue rights,...
§ 6.25. Form and content of certificates - § 6.25. Form and content of certificates (a) Shares may...
§ 6.26. Shares without certificates - § 6.26. Shares without certificates (a) Unless the articles of...
§ 6.27. Restriction on transfer of shares and other securities - § 6.27. Restriction on transfer of shares and other securities...
§ 6.28. Expense of issue - § 6.28. Expense of issue A corporation may pay the...
§ 6.30. Shareholders’ preemptive rights - § 6.30. Shareholders’ preemptive rights (a) The shareholders of a...
§ 6.31. Corporation’s power to acquire its own shares - § 6.31. Corporation’s power to acquire its own shares (a)...
§ 6.40. Distributions to shareholders - § 6.40. Distributions to shareholders (a) A board of directors...
Chapter 7 - Shareholders
§ 7.01. Annual meeting - § 7.01. Annual meeting Annual shareholders’ meetings shall be held...
§ 7.02. Special meetings - § 7.02. Special meetings (a) A corporation shall hold a...
§ 7.03. Court-ordered meeting - § 7.03. Court-ordered meeting (a) The Superior Court of the...
§ 7.04. Action without meeting - § 7.04. Action without meeting (a) Unless the articles of...
§ 7.05. Notice of meeting - § 7.05. Notice of meeting (a) A corporation shall notify...
§ 7.06. Waiver of notice - § 7.06. Waiver of notice (a) A shareholder may waive...
§ 7.07. Record date - § 7.07. Record date (a) The bylaws may fix or...
§ 7.20. Shareholders’ list for meeting - § 7.20. Shareholders’ list for meeting (a) After fixing a...
§ 7.21. Voting entitlement of shares - § 7.21. Voting entitlement of shares (a) Except as provided...
§ 7.22. Proxies - § 7.22. Proxies (a) A shareholder may vote his or...
§ 7.23. Shares held by nominees - § 7.23. Shares held by nominees (a) A corporation may...
§ 7.24. Corporation’s acceptance of votes - § 7.24. Corporation’s acceptance of votes (a) If the name...
§ 7.25. Quorum and voting requirements for voting groups - § 7.25. Quorum and voting requirements for voting groups (a)...
§ 7.26. Action by single and multiple voting groups - § 7.26. Action by single and multiple voting groups (a)...
§ 7.27. Greater quorum or voting requirements - § 7.27. Greater quorum or voting requirements (a) The articles...
§ 7.28. Voting for directors; cumulative voting - § 7.28. Voting for directors; cumulative voting (a) Unless otherwise...
§ 7.30. Voting trusts - § 7.30. Voting trusts (a) One or more shareholders may...
§ 7.31. Voting agreements - § 7.31. Voting agreements (a) Two or more shareholders may...
§ 7.32. Shareholder agreements - § 7.32. Shareholder agreements (a) An agreement among the shareholders...
§ 7.40. Procedure in derivative proceedings - § 7.40. Procedure in derivative proceedings (a) A person may...
Chapter 8 - Directors and Officers
§ 8.01. Requirement for and duties of board of directors - § 8.01. Requirement for and duties of board of directors...
§ 8.02. Qualifications of directors - § 8.02. Qualifications of directors The articles of incorporation or...
§ 8.03. Number and election of directors - § 8.03. Number and election of directors (a) A board...
§ 8.04. Election of directors by certain classes of shareholders - § 8.04. Election of directors by certain classes of shareholders...
§ 8.05. Terms of directors generally - § 8.05. Terms of directors generally (a) The terms of...
§ 8.06. Staggered terms for directors - § 8.06. Staggered terms for directors The articles of incorporation...
§ 8.07. Resignation of directors - § 8.07. Resignation of directors (a) A director may resign...
§ 8.08. Removal of directors by shareholders - § 8.08. Removal of directors by shareholders (a) The shareholders...
§ 8.09. Removal of directors by judicial proceeding - § 8.09. Removal of directors by judicial proceeding (a)(1) The...
§ 8.10. Vacancy on board - § 8.10. Vacancy on board (a)(1) If a vacancy occurs...
§ 8.11. Compensation of directors - § 8.11. Compensation of directors Unless the articles of incorporation...
§ 8.20. Meetings - § 8.20. Meetings (a) The board of directors may hold...
§ 8.21. Action without meeting - § 8.21. Action without meeting (a) Unless the articles of...
§ 8.22. Notice of meeting - § 8.22. Notice of meeting (a) Unless the articles of...
§ 8.23. Waiver of notice - § 8.23. Waiver of notice (a) A director may waive...
§ 8.24. Quorum and voting - § 8.24. Quorum and voting (a) Unless the articles of...
§ 8.25. Committees - § 8.25. Committees (a) Unless the articles of incorporation or...
§ 8.30. General standards for directors - § 8.30. General standards for directors (a) A director shall...
§ 8.33. Liability for unlawful distributions; statute of limitations - § 8.33. Liability for unlawful distributions; statute of limitations (a)...
§ 8.40. Officers - § 8.40. Officers (a) A corporation has the officers described...
§ 8.41. Duties of officers - § 8.41. Duties of officers Each officer has the authority...
§ 8.43. Resignation and removal of officers - § 8.43. Resignation and removal of officers (a) An officer...
§ 8.44. Contract rights of officers - § 8.44. Contract rights of officers (a) The appointment of...
§ 8.50. Subchapter definitions - § 8.50. Subchapter definitions In this subchapter: (1) “Corporation” includes...
§ 8.51. Authority to indemnify - § 8.51. Authority to indemnify (a) Except as provided in...
§ 8.52. Mandatory indemnification - § 8.52. Mandatory indemnification Unless limited by its articles of...
§ 8.53. Advance for expenses - § 8.53. Advance for expenses (a) A corporation may pay...
§ 8.54. Court-ordered indemnification - § 8.54. Court-ordered indemnification A director of the corporation who...
§ 8.55. Determination and authorization of indemnification - § 8.55. Determination and authorization of indemnification (a) Except as...
§ 8.56. Indemnification of officers, employees, and agents - § 8.56. Indemnification of officers, employees, and agents Unless a...
§ 8.57. Insurance - § 8.57. Insurance A corporation may purchase and maintain insurance...
§ 8.58. Application of subchapter - § 8.58. Application of subchapter (a) A provision treating a...
§ 8.60. Definitions - § 8.60. Definitions For purposes of this subchapter: (1) “Control”...
§ 8.61. Judicial action - § 8.61. Judicial action (a) A transaction effected or proposed...
§ 8.62. Directors’ action - § 8.62. Directors’ action (a) Directors’ action respecting a director’s...
§ 8.63. Shareholders’ action - § 8.63. Shareholders’ action (a) Shareholders’ action respecting a director’s...
Chapter 10 - Amendment of Articles of Incorporation and Bylaws
§ 10.01. Authority to amend - § 10.01. Authority to amend (a) A corporation may amend...
§ 10.02. Amendment by board of directors - § 10.02. Amendment by board of directors Unless the articles...
§ 10.03. Amendment proposed by board of directors to the shareholders - § 10.03. Amendment proposed by board of directors to the...
§ 10.04. Voting on amendments by voting group - § 10.04. Voting on amendments by voting group (a) The...
§ 10.05. Amendment before issuance of shares - § 10.05. Amendment before issuance of shares If a corporation...
§ 10.06. Articles of amendment - § 10.06. Articles of amendment A corporation amending its articles...
§ 10.07. Restated articles of incorporation - § 10.07. Restated articles of incorporation (a) A corporation’s board...
§ 10.08. Amendment pursuant to judicial reorganization - § 10.08. Amendment pursuant to judicial reorganization (a) A corporation’s...
§ 10.09. Effect of amendment - § 10.09. Effect of amendment An amendment to articles of...
§ 10.20. Amendment by board of directors or shareholders - § 10.20. Amendment by board of directors or shareholders (a)...
§ 10.21. Bylaw increasing quorum or voting requirement for shareholders - § 10.21. Bylaw increasing quorum or voting requirement for shareholders...
§ 10.22. Bylaw increasing quorum or voting requirement for directors - § 10.22. Bylaw increasing quorum or voting requirement for directors...
Chapter 11 - Conversion, Merger, Share Exchange, and Domestication
§ 11.01. Definitions - § 11.01. Definitions As used in this chapter: (1) “Constituent...
§ 11.02. Conversion authorized - § 11.02. Conversion authorized (a) By complying with sections 11.03...
§ 11.03. Plan of conversion - § 11.03. Plan of conversion (a) A domestic corporation may...
§ 11.04. Approval of conversion - § 11.04. Approval of conversion Subject to section 11.17 of...
§ 11.05. Amendment or abandonment of plan of conversion - § 11.05. Amendment or abandonment of plan of conversion (a)...
§ 11.06. Statement of conversion; effective date of conversion - § 11.06. Statement of conversion; effective date of conversion (a)...
§ 11.07. Effect of conversion - § 11.07. Effect of conversion (a) When a conversion takes...
§ 11.08. Merger authorized; plan of merger - § 11.08. Merger authorized; plan of merger (a) A corporation...
§ 11.09. Share exchange authorized; plan of share exchange - § 11.09. Share exchange authorized; plan of share exchange (a)...
§ 11.10. Approval of plan of merger or share exchange - § 11.10. Approval of plan of merger or share exchange...
§ 11.11. Filing required for merger or share exchange; effective date - § 11.11. Filing required for merger or share exchange; effective...
§ 11.12. Effect of merger or share exchange - § 11.12. Effect of merger or share exchange (a) When...
§ 11.13. Domestication authorized - § 11.13. Domestication authorized (a) A foreign corporation may become...
§ 11.14. Action on plan of domestication - § 11.14. Action on plan of domestication (a) A domesticating...
§ 11.15. Filing required for domestication; effective date - § 11.15. Filing required for domestication; effective date (a) A...
§ 11.16. Effect of domestication - § 11.16. Effect of domestication (a) When a domestication takes...
§ 11.17. Restriction on approval of conversion, merger, and domestication - § 11.17. Restriction on approval of conversion, merger, and domestication...
§ 11.18. Chapter not exclusive - § 11.18. Chapter not exclusive (a) This chapter does not...
Chapter 12 - Sale of Assets
§ 12.01. Sale of assets in regular course of business and mortgage of assets - § 12.01. Sale of assets in regular course of business...
§ 12.02. Sale of assets other than in regular course of business - § 12.02. Sale of assets other than in regular course...
Chapter 13 - Dissenters' Rights
§ 13.01. Definitions - § 13.01. Definitions In this chapter: (1) “Corporation” means the...
§ 13.02. Right to dissent - § 13.02. Right to dissent (a) A shareholder is entitled...
§ 13.03. Dissent by nominees and beneficial owners - § 13.03. Dissent by nominees and beneficial owners (a) A...
§ 13.20. Notice of dissenters’ rights - § 13.20. Notice of dissenters’ rights (a) If proposed corporate...
§ 13.21. Notice of intent to demand payment - § 13.21. Notice of intent to demand payment (a) If...
§ 13.22. Dissenters’ notice - § 13.22. Dissenters’ notice (a) If proposed corporate action creating...
§ 13.23. Duty to demand payment - § 13.23. Duty to demand payment (a) A shareholder sent...
§ 13.24. Share restrictions - § 13.24. Share restrictions (a) The corporation may restrict the...
§ 13.25. Payment - § 13.25. Payment (a) Except as provided in section 13.27...
§ 13.26. Failure to take action - § 13.26. Failure to take action (a) If the corporation...
§ 13.27. After-acquired shares - § 13.27. After-acquired shares (a) A corporation may elect to...
§ 13.28. Procedure if shareholder dissatisfied with payment or offer - § 13.28. Procedure if shareholder dissatisfied with payment or offer...
§ 13.30. Court action - § 13.30. Court action (a) If a demand for payment...
§ 13.31. Court costs and counsel fees - § 13.31. Court costs and counsel fees (a) The court...
Chapter 14 - Dissolution
§ 14.01. Dissolution by incorporators or initial directors - § 14.01. Dissolution by incorporators or initial directors A majority...
§ 14.02. Dissolution by board of directors and shareholders - § 14.02. Dissolution by board of directors and shareholders (a)...
§ 14.03. Articles of dissolution; content of notice; notice to Department of Labor regarding unpaid wages - § 14.03. Articles of dissolution; content of notice; notice to...
§ 14.04. Revocation of dissolution - § 14.04. Revocation of dissolution (a) A corporation may revoke...
§ 14.05. Effect of dissolution - § 14.05. Effect of dissolution (a) A dissolved corporation continues...
§ 14.06. Known claims against dissolved corporation - § 14.06. Known claims against dissolved corporation (a) A dissolved...
§ 14.07. Unknown claims against dissolved corporation - § 14.07. Unknown claims against dissolved corporation (a) A dissolved...
§ 14.08. Payment and distribution to claimants and shareholders - § 14.08. Payment and distribution to claimants and shareholders (a)(1)...
§ 14.09. Tax liabilities - § 14.09. Tax liabilities (a) Notwithstanding any other provisions of...
§ 14.20. Involuntary termination - § 14.20. Involuntary termination (a) A corporation, which fails to...
§ 14.30. Grounds for judicial dissolution - § 14.30. Grounds for judicial dissolution The Superior Court may...
§ 14.31. Procedure for judicial dissolution - § 14.31. Procedure for judicial dissolution (a) Venue for a...
§ 14.32. Receivership or custodianship - § 14.32. Receivership or custodianship (a) A court in a...
§ 14.33. Decree of dissolution - § 14.33. Decree of dissolution (a) If after a hearing...
§ 14.40. Deposit with State Treasurer - § 14.40. Deposit with State Treasurer Assets of a dissolved...
Chapter 15 - Foreign Corporations
§ 15.01. Authority to transact business required - § 15.01. Authority to transact business required (a) A foreign...
§ 15.02. Consequences of transacting business without authority - § 15.02. Consequences of transacting business without authority (a) A...
§ 15.03. Application for certificate of authority - § 15.03. Application for certificate of authority (a) A foreign...
§ 15.04. Amended certificate of authority - § 15.04. Amended certificate of authority (a) A foreign corporation...
§ 15.05. Effect of certificate of authority - § 15.05. Effect of certificate of authority (a) A certificate...
§ 15.06. Corporate name of foreign corporation - § 15.06. Corporate name of foreign corporation (a) If the...
§ 15.07. Registered office and registered agent of foreign corporation - § 15.07. Registered office and registered agent of foreign corporation...
§ 15.08. Change of registered office or registered agent of foreign corporation - § 15.08. Change of registered office or registered agent of...
§ 15.09. Resignation of registered agent of foreign corporation - § 15.09. Resignation of registered agent of foreign corporation (a)...
§ 15.10. Service of process on foreign corporation - § 15.10. Service of process on foreign corporation Service of...
§ 15.20. Withdrawal of foreign corporation - § 15.20. Withdrawal of foreign corporation (a) A foreign corporation...
§ 15.30. Involuntary termination - § 15.30. Involuntary termination (a) The Secretary of State shall...
§ 15.32. Appeal from involuntary termination - § 15.32. Appeal from involuntary termination (a) If the Secretary...
§ 15.33. Involuntary termination by judicial proceeding - § 15.33. Involuntary termination by judicial proceeding Upon petition by...
Chapter 16 - Records and Reports
§ 16.01. Corporate powers - § 16.01. Corporate powers (a) A corporation shall keep as...
§ 16.02. Inspection of records by shareholders - § 16.02. Inspection of records by shareholders (a) A shareholder...
§ 16.03. Scope of inspection right - § 16.03. Scope of inspection right (a) A shareholder’s agent...
§ 16.04. Court-ordered inspection - § 16.04. Court-ordered inspection (a) If a corporation does not...
§ 16.20. Financial statements for shareholders - § 16.20. Financial statements for shareholders (a) A corporation shall...
§ 16.21. Other reports to shareholders - § 16.21. Other reports to shareholders (a) If a corporation...
§ 16.22. Annual report for Secretary of State - § 16.22. Annual report for Secretary of State (a) Each...
Chapter 20 - Close Corporations
§ 20.01. Law applicable - § 20.01. Law applicable This chapter shall apply only to...
§ 20.02. Close corporation defined - § 20.02. Close corporation defined A close corporation is a...
§ 20.03. Incorporation of a close corporation - § 20.03. Incorporation of a close corporation A close corporation...
§ 20.04. Election of existing corporation to become a close corporation - § 20.04. Election of existing corporation to become a close...
§ 20.05. Additional articles of incorporation - § 20.05. Additional articles of incorporation (a) The articles of...
§ 20.06. Bylaws - § 20.06. Bylaws A close corporation need not adopt bylaws...
§ 20.07. Annual meeting - § 20.07. Annual meeting (a) The annual meeting date for...
§ 20.08. Elimination of board of directors - § 20.08. Elimination of board of directors (a) A close...
§ 20.09. Shareholder agreements - § 20.09. Shareholder agreements (a) If the articles of incorporation...
§ 20.10. Merger or consolidation - § 20.10. Merger or consolidation (a) A plan of merger...
§ 20.11. Limitations on continuation of close corporation status - § 20.11. Limitations on continuation of close corporation status The...
§ 20.12. Voluntary termination of close corporation status by amendment of articles of incorporation; vote required - § 20.12. Voluntary termination of close corporation status by amendment...
§ 20.13. Shareholders’ option to dissolve corporation - § 20.13. Shareholders’ option to dissolve corporation (a) The articles...
§ 20.14. Involuntary termination of close corporation status; proceeding to prevent loss of status - § 20.14. Involuntary termination of close corporation status; proceeding to...
§ 20.15. Judicial dissolution - § 20.15. Judicial dissolution (a) The Superior Court of the...
§ 20.16. Special voting requirements - § 20.16. Special voting requirements (a) Unless a provision of...
Chapter 21 - Benefit Corporations
§ 21.01. Short title - § 21.01. Short title This chapter shall be known and...
§ 21.02. Law applicable - § 21.02. Law applicable (a) This chapter shall apply only...
§ 21.03. Definitions - § 21.03. Definitions (a) As used in this chapter: (1)...
§ 21.04. Incorporation of a benefit corporation - § 21.04. Incorporation of a benefit corporation A benefit corporation...
§ 21.05. Election of existing corporation to become a benefit corporation - § 21.05. Election of existing corporation to become a benefit...
§ 21.06. Merger and share exchange - § 21.06. Merger and share exchange (a) A plan of...
§ 21.07. Termination of benefit corporation status by amendment of articles of incorporation; vote required - § 21.07. Termination of benefit corporation status by amendment of...
§ 21.08. Corporate purpose - § 21.08. Corporate purpose (a) A benefit corporation shall have...
§ 21.09. Standard of conduct for directors - § 21.09. Standard of conduct for directors (a) Each director...
§ 21.10. Benefit director - § 21.10. Benefit director (a) Except as provided in subsection...
§ 21.11. Standard of conduct for officers - § 21.11. Standard of conduct for officers (a) An officer...
§ 21.12. Benefit officer - § 21.12. Benefit officer A benefit corporation may have an...
§ 21.13. Right of action - § 21.13. Right of action (a) The duties of directors...
§ 21.14. Annual benefit report - § 21.14. Annual benefit report (a) A benefit corporation shall...