Title 14, Chapter 4, Section 61
( 14-4-61)
Every private corporation incorporated in this state on or after
April 1, 1969, shall have, in addition to the powers granted in its
articles of incorporation or charter and in addition to other
general powers conferred by law, power to make donations for the
public welfare or for charitable, scientific, or educational
purposes. Every private corporation incorporated prior to April 1,
1969, and whose articles of incorporation or charter was issued
subject to the right reserved in the state to change the articles of
incorporation or charter or withdraw the franchise shall also have
the power described in this Code section. |