Every nonprofit corporation incorporated under articles 121 to 137 of this title has the purpose of engaging in any lawful business or activity unless a more limited purpose is stated in the articles of incorporation. Where another statute of this state requires that corporations of a particular class be formed or incorporated exclusively under that […]
Unless otherwise provided in the articles of incorporation, every nonprofit corporation has perpetual duration and succession in its domestic entity name and has the same powers as an individual to do all things necessary or convenient to carry out its affairs, including the power: To sue and be sued, complain, and defend in its name; […]
In anticipation of or during an emergency defined in subsection (4) of this section, the board of directors may: Modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent; and Relocate the principal office or designate additional offices, or authorize officers to do so. During an emergency as contemplated in […]
Except as provided in subsection (2) of this section, the validity of corporate action may not be challenged on the ground that the nonprofit corporation lacks or lacked power to act. A nonprofit corporation’s power to act may be challenged: In a proceeding against the nonprofit corporation to enjoin the act. The proceeding may be […]
Any other provision of law to the contrary notwithstanding, any civil action permitted under the law of this state may be brought against any nonprofit corporation, and the assets of any nonprofit corporation that would, but for articles 121 to 137 of this title, be immune from levy and execution on any judgment shall nonetheless […]
