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Nonprofit Corporations

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§10-3302 General powers

Title 10 – Corporations and Associations Chapter 26 – Purposes and Powers-nonprofit Corporations Article 1 – General Provisions Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its […]

§10-3303 Emergency powers

Title 10 – Corporations and Associations Chapter 26 – Purposes and Powers-nonprofit Corporations Article 1 – General Provisions A. In anticipation of or during an emergency as prescribed in subsection D of this section, the board of directors of a corporation may: 1. Modify lines of succession to accommodate the incapacity of any director, officer, […]

§10-3304 Validity of actions

Title 10 – Corporations and Associations Chapter 26 – Purposes and Powers-nonprofit Corporations Article 1 – General Provisions A. Except as provided in subsection B of this section, the validity of corporate action shall not be challenged on the ground that the corporation lacks or lacked power to act. B. A corporation’s power to act […]

§10-3401 Corporate name

Title 10 – Corporations and Associations Chapter 27 – Name-nonprofit Corporations Article 1 – General Provisions A. A corporate name shall not contain language that states or implies that the corporation is organized for a purpose other than the purpose permitted by section 10-3301 and in its articles of incorporation. B. Except as authorized by […]

§10-3402 Reserved name

Title 10 – Corporations and Associations Chapter 27 – Name-nonprofit Corporations Article 1 – General Provisions A. A person may reserve the exclusive use of a corporate name, including a fictitious name to be adopted by a foreign corporation under section 10-11506, by delivering an application to the commission for filing. The application shall be […]

§10-3403 Registered name

Title 10 – Corporations and Associations Chapter 27 – Name-nonprofit Corporations Article 1 – General Provisions A. A foreign corporation may register its corporate name, or its corporate name with any change required by section 10-11506, if the name is distinguishable from the corporate names that are not available under section 10-3401, subsection B. B. […]

§10-3501 Known place of business and statutory agent

Title 10 – Corporations and Associations Chapter 28 – Office and Agent-nonprofit Corporations Article 1 – Place of Business and Agent Each corporation shall continuously maintain in this state both: 1. A known place of business that may be the address of its statutory agent. 2. A statutory agent who may be either: (a) An […]

§10-3502 Change of known place of business and statutory agent

Title 10 – Corporations and Associations Chapter 28 – Office and Agent-nonprofit Corporations Article 1 – Place of Business and Agent A. A corporation may change its known place of business or statutory agent by delivering to the commission for filing a statement of change that may be the annual report and that sets forth: […]

§10-3503 Resignation of statutory agent

Title 10 – Corporations and Associations Chapter 28 – Office and Agent-nonprofit Corporations Article 1 – Place of Business and Agent A. A statutory agent may resign its agency appointment by signing and delivering to the commission for filing the signed original statement of resignation. The statement may include a statement that the known place […]

§10-3504 Service on corporation

Title 10 – Corporations and Associations Chapter 28 – Office and Agent-nonprofit Corporations Article 1 – Place of Business and Agent A. The statutory agent appointed by a corporation is an agent of the corporation on whom process, notice or demand that is required or permitted by law to be served on the corporation may […]

§10-3601 Admission

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 1 – Admission of Members A. The articles of incorporation or bylaws may establish criteria or procedures for admission of members and continuation of membership. B. No person shall be admitted as a member without that person’s consent. Consent may be […]

§10-3602 Consideration

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 1 – Admission of Members Except as provided in its articles of incorporation or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.