Chapter 20 - CLOSE CORPORATIONS (Contains: §§ 1 – 16)
- § 1 - Law applicable
- § 2 - Close corporation defined
- § 3 - Incorporation of a close corporation
- § 4 - Election of existing corporation to become a close corporation
- § 5 - Additional articles of incorporation
- § 6 - Bylaws
- § 7 - Annual meeting
- § 8 - Elimination of board of directors
- § 9 - Shareholder agreements
- § 10 - Merger or consolidation
- § 11 - Limitations on continuation of close corporation status
- § 12 - Voluntary termination of close corporation status by amendment of articles of incorporation; vote required
- § 13 - Shareholders' option to dissolve corporation
- § 14 - Involuntary termination of close corporation status; proceeding to prevent loss of status
- § 15 - Judicial dissolution
- § 16 - Special voting requirements