§ 4-33-202 - Articles of incorporation.
4-33-202. Articles of incorporation.
(a) The articles of incorporation must set forth:
(1) a corporate name for the corporation that satisfies the requirements of 4-33-401;
(2) one (1) of the following statements:
(i) this corporation is a public benefit corporation;
(ii) this corporation is a mutual benefit corporation; or
(iii) this corporation is a religious corporation.
(3) the information required by 4-20-105(a);
(4) the name and address of each incorporator;
(5) whether or not the corporation will have members; and
(6) provisions not inconsistent with law regarding the distribution of assets on dissolution.
(b) The articles of incorporation may set forth:
(1) the purpose or purposes for which the corporation is organized, which may be, either alone or in combination with other purposes, the transaction of any lawful activity;
(2) the names and addresses of the individuals who are to serve as the initial directors;
(3) provisions not inconsistent with law regarding:
(i) managing and regulating the affairs of the corporation;
(ii) defining, limiting, and regulating the powers of the corporation, its board of directors and members (or any class of members); and
(iii) the characteristics, qualifications, rights, limitations and obligations attaching to each or any class of members.
(4) any provision that under this chapter is required or permitted to be set forth in the bylaws.
(c) Each incorporator named in the articles must sign the articles.
(d) The articles of incorporation need not set forth any of the corporate powers enumerated in this chapter.