35-14-301. Purposes.
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/mt/title-35/chapter-14/part-3/35-14-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-14-301 . Purposes.
(1)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.
(2)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.