§ 15-4-1013 - Articles.

15-4-1013. Articles.

The articles for any capital development company shall state:

(1) The name of the company. The name shall include the words "Capital Development Company";

(2) The purpose for which the company is formed;

(3) The period of duration of the company, which may be perpetual or limited;

(4) The address of the company's principal office and the name and address of its agent upon whom process may be served;

(5) Any provision required by the applicable business law under which the company is formed; and

(6) (A) Any provision not inconsistent with law that the organizers choose to insert for the regulation of the business and the conduct of the affairs of the company.

(B) It shall not be necessary to state in the articles the powers enumerated in this subchapter.