Current through 2024 Regular Session legislation effective June 6, 2024
Section 65.074 - Purposes(1) Every corporation incorporated under this chapter has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in the articles of incorporation. A person may not incorporate a corporation under this chapter for any illegal purpose or with an intent to fraudulently conceal any business activity from another person or a governmental agency.(2) A corporation that is subject to regulation under another statute of the state may not be incorporated under this chapter if the corporation must be organized under the other statute.Amended by 2019 Ch. 174,§ 22, eff. 5/24/2019, op. 1/1/2020.