Title 14, Chapter 3, Section 301
( 14-3-301)
(a) 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. (b) A corporation engaging in an activity that is subject to
regulation under another statute of this state may incorporate under
this chapter only if incorporation under this chapter is not
prohibited by the other statute. The corporation shall be subject
to all limitations of the other statute. |