§ 16-10a-301. Purposes.

Latest version.

(1)	Every corporation incorporated under this chapter and including in its articles of incorporation a statement meeting the requirements of Subsection 16-10a-202(3) may engage in any lawful business except for express limitations set forth in the 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.

Enacted by Chapter 277, 1992 General Session

                    
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