79-11-137 - Contents of articles of incorporation.
§ 79-11-137. Contents of articles of incorporation.
(1) The articles of incorporation must set forth:
(a) A corporate name for the corporation that satisfies the requirements of Section 79-11-157;
(b) The period of duration, which may be perpetual;
(c) The street address of the corporation's initial registered office and the name of its initial registered agent at that office; and
(d) The name and address of each incorporator.
(2) The articles of incorporation may set forth:
(a) The names and addresses of the individuals who are to serve as the initial directors;
(b) Provisions not inconsistent with law regarding:
(i) The purpose or purposes for which the corporation is organized;
(ii) Managing the business and regulating the affairs of the corporation;
(iii) Defining, limiting and regulating the powers of the corporation, its board of directors and members; and
(c) Any provision that under Section 79-11-101 et seq. is required or permitted to be set forth in the bylaws.
(3) The articles of incorporation need not set forth any of the corporate powers enumerated in Section 79-11-101 et seq.
Sources: Laws, 1987, ch. 485, § 19, eff from and after January 1, 1988.