Sec. 10.20.146. Incorporators.
Three or more natural persons at least 19 years of age may act as incorporators of a corporation by signing and delivering in duplicate to the commissioner articles of incorporation for the corporation.
Sec. 10.20.151. Articles of incorporation; relationship to bylaws; director liability.
(a) The articles of incorporation must set out (1) the name of the corporation; (2) the period of its duration, which may be perpetual; (3) the purpose or purposes for which the corporation is organized; (4) provisions, not inconsistent with law, which the incorporators elect to set out in the articles of incorporation for the […]
Sec. 10.20.153. Provisions considered to be in articles of incorporation by operation of law; option to exclude provision.
(a) The articles of incorporation of every nonprofit corporation which is a private foundation, as defined in 26 U.S.C. 509 (Internal Revenue Code of 1954), are considered to contain provisions prohibiting the corporation from (1) engaging in an act of self-dealing, as defined in 26 U.S.C. 4941(d) (Internal Revenue Code of 1954), which would give […]
Sec. 10.20.156. Filing of articles of incorporation.
(a) Duplicate originals of the articles of incorporation shall be delivered to the commissioner. Upon finding that the articles of incorporation conform to law, the commissioner shall, when all fees prescribed by this chapter have been paid, (1) endorse on each duplicate original the word “filed,” and the date of the filing; (2) file one […]
Sec. 10.20.161. Effect of issuance of certificate of incorporation.
Upon the issuance of the certificate of incorporation, the corporate existence begins. The certificate of incorporation is conclusive evidence that all conditions precedent required to be performed by the incorporators have been complied with and that the corporation has been incorporated. The issuance of the certificate does not affect the right of the state to […]
Sec. 10.20.166. Organizational meeting of directors; first meeting of members.
(a) After the issuance of the certificate of incorporation, an organizational meeting of the board of directors named in the articles of incorporation shall be held at a designated place, by remote communication, or at a designated place and by remote communication at the call of a majority of the incorporators, for the purpose of […]