§ 10-11901 – Purposes for which corporation sole may be formed
10-11901. Purposes for which corporation sole may be formed Corporations may be formed to acquire, hold and dispose of church or religious society property for the benefit of religion, for works of charity and for public worship, and of property of scientific research institutions maintained solely for pure research and without expectation of pecuniary gain […]
§ 10-11902 – Requirements for formation
10-11902. Requirements for formation A person vested with the legal title to property of a church or religious society in conformity with its constitution, canons, rites or regulations, and of a scientific research institution maintained solely for pure research and without expectation of pecuniary gain or profit, may make and subscribe to written articles of […]
§ 10-11903 – Articles of incorporation; amendment
10-11903. Articles of incorporation; amendment A. The articles of incorporation shall contain: 1. The name of the corporation. 2. The object of the corporation. 3. The estimated value of the property at the time of drawing the articles. 4. The title of the person executing the articles. B. The corporation may amend its articles. The […]
§ 10-11904 – Powers of corporation sole
10-11904. Powers of corporation sole Upon executing and filing for record articles of incorporation as provided in this article, the person subscribing thereto and his successor in office by the name or title specified in the articles, shall thereafter be deemed a corporation sole with perpetual succession, and may acquire and possess, by gift, bequest, […]
§ 10-11905 – Execution of instruments
10-11905. Execution of instruments All deeds and other instruments in writing shall be made and signed in the name of the corporation sole in the capacity designated in the articles.
§ 10-11906 – Succession of title and authority
10-11906. Succession of title and authority In the event of the death, resignation or removal of the person who is a corporation sole, his successor in office shall be vested with title to all property held by his predecessor as such corporation sole, with like power and authority over the property, and subject to all […]
§ 10-11907 – Succession of title to religious property held by person not incorporated as corporation sole
10-11907. Succession of title to religious property held by person not incorporated as corporation sole In case of the death, resignation or removal of a person who, at the time of his death, resignation or removal, was holding the title to property for the use or benefit of any church or religious society not incorporated […]
§ 10-11908 – Officer; director; law applicable to corporations sole
10-11908. Officer; director; law applicable to corporations sole A. The person comprising the corporation sole is the only director and officer for the corporation sole unless the articles or bylaws of the corporation sole contain a contrary designation. B. Corporations sole that are organized pursuant to this article are subject to chapters 24 through 40 […]
§ 10-11909 – Merger, interest exchange, conversion, domestication or division; definitions
10-11909. Merger, interest exchange, conversion, domestication or division; definitions A. A domestic corporation sole may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6. B. If a domestic corporation sole is to […]