Section 10A-1-2.01 General scope of permissible purposes. A domestic entity may have any lawful purpose or purposes, unless otherwise provided by this title. If the purpose for which it is organized or its form makes it subject to a special provision of law or limitation of purpose, the entity shall also comply with that provision […]
Section 10A-1-2.02 Prohibited purposes. A domestic entity may not engage in a business, activity, not for profit activity, or any other activity, whether or not for profit, that: (A) is expressly unlawful or prohibited by a law of this state; (B) cannot lawfully be engaged in by that entity under a law of this state; […]
Section 10A-1-2.03 Limitation on purposes of professional entity. Except as provided in the chapter of this title applicable to the entity, a professional entity may engage in only: (1) one type of professional service, unless the entity is expressly authorized to provide more than one type of professional service under state law regulating the professional […]
Section 10A-1-2.04 Limitation in governing documents. The governing documents of a domestic entity may contain limitations on the entity’s purposes. (Act 2009-513, p. 967, §8.)
