PART IV.
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/hi/chapter-414/part-ivA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
PART IV. PURPOSES AND POWERS
[§414-41] Purposes.
(a)Every corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.
(b)A corporation engaging in a business that is subject to regulation under another statute of this State may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute. [L 2000, c 244, pt of §1]