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Article 1 General Provisions. Division A Short Title, Applicability, and Reservation of Power. Section 10-2B-1.01 Short title and applicability. Section 10-2B-1.02 Reservation of power to amend or repeal. Division B Filing Documents. Section 10-2B-1.20 Filing requirements. Section 10-2B-1.21 Forms. Section 10-2B-1.22 Filing, service, and copying fees. Section 10-2B-1.23 Effective time and date of document. Section 10-2B-1.24 Correcting filed document. Section 10-2B-1.25 Place of filing and filing duties of probate judge and Secretary of State. Section 10-2B-1.26 Appeal from probate judge's or Secretary of State's refusal to file document. Section 10-2B-1.27 Evidentiary effect of copy of filed document. Section 10-2B-1.28 Certificate of existence. Section 10-2B-1.29 Penalty for signing false document. Division C Probate Judge and Secretary of State. Section 10-2B-1.30 Powers of probate judge and Secretary of State. Division D Definitions. Section 10-2B-1.40 Definitions. Section 10-2B-1.41 Notice. Article 2 Incorporation. Section 10-2B-2.01 Incorporators. Section 10-2B-2.02 Articles of incorporation. Section 10-2B-2.03 Incorporation. Section 10-2B-2.04 Liability for preincorporation transaction. Section 10-2B-2.05 Organization of corporation. Section 10-2B-2.06 Bylaws. Section 10-2B-2.07 Emergency bylaws. Section 10-2B-2.08 Incorporation by purchasers of property or franchise of corporation. Article 3 Purposes and Powers. Section 10-2B-3.01 Purposes. Section 10-2B-3.02 General powers. Section 10-2B-3.03 Emergency powers. Section 10-2B-3.04 Ultra vires. Article 4 Name. Section 10-2B-4.01 Corporate name. Section 10-2B-4.02 Reserved name. Section 10-2B-4.03 Registered name. Article 5 Office and Agent. Section 10-2B-5.01 Registered office and registered agent. Section 10-2B-5.02 Change of registered office or registered agent. Section 10-2B-5.03 Resignation of registered agent. Section 10-2B-5.04 Service on corporation. Article 6 Shares and Distributions. Division A Shares. Section 10-2B-6.01 Authorized shares. Section 10-2B-6.02 Terms of class or series determined by board of directors. Section 10-2B-6.03 Issued and outstanding shares. Section 10-2B-6.04 Fractional shares. Division B Issuance of Shares. Section 10-2B-6.20 Subscription for shares before incorporation. Section 10-2B-6.21 Issuance of shares. Section 10-2B-6.22 Liability of shareholders and subscribers. Section 10-2B-6.23 Share dividends. Section 10-2B-6.24 Share options. Section 10-2B-6.25 Form and content of certificates. Section 10-2B-6.26 Shares without certificates. Section 10-2B-6.27 Restriction on transfer of shares and other securities. Section 10-2B-6.28 Expense of issue. Division C Subsequent Acquisition of Shares by Shareholders and Corporation. Section 10-2B-6.30 Shareholders' preemptive rights. Section 10-2B-6.31 Corporation's acquisition of its own shares. Section 10-2B-6.32 Cancellation of reacquired shares. Division D Distributions. Section 10-2B-6.40 Distributions to shareholders. Article 7 Shareholders. Division A Meetings. Section 10-2B-7.01 Annual meeting. Section 10-2B-7.02 Special meeting. Section 10-2B-7.03 Court-ordered meeting. Section 10-2B-7.04 Action without meeting. Section 10-2B-7.05 Notice of meeting. Section 10-2B-7.06 Waiver of notice. Section 10-2B-7.07 Record date. Division B Voting. Section 10-2B-7.20 Shareholders' list for meeting. Section 10-2B-7.21 Voting entitlement of shares. Section 10-2B-7.22 Proxies. Section 10-2B-7.23 Shares held by nominees. Section 10-2B-7.24 Corporation's acceptance of votes. Section 10-2B-7.25 Quorum and voting requirements for voting groups. Section 10-2B-7.26 Action by single and multiple voting groups. Section 10-2B-7.27 Greater quorum or voting requirements. Section 10-2B-7.28 Voting for directors; cumulative voting. Division C Voting Trusts and Agreements. Section 10-2B-7.30 Voting trust. Section 10-2B-7.31 Voting agreements. Section 10-2B-7.32 Shareholder agreements. Article 8 Directors and Officers. Division A Board of Directors. Section 10-2B-8.01 Requirement for and duties of board of directors. Section 10-2B-8.02 Qualifications of directors. Section 10-2B-8.03 Number and election of directors. Section 10-2B-8.04 Election of directors by certain classes of shareholders. Section 10-2B-8.05 Terms of directors generally. Section 10-2B-8.06 Staggered terms for directors. Section 10-2B-8.07 Resignation of directors. Section 10-2B-8.08 Removal of directors by shareholders. Section 10-2B-8.09 Removal of directors by judicial proceeding. Section 10-2B-8.10 Vacancy on board. Section 10-2B-8.11 Compensation of directors. Division B Meetings and Actions of the Board. Section 10-2B-8.20 Meetings. Section 10-2B-8.21 Action without meeting. Section 10-2B-8.22 Notice of meeting. Section 10-2B-8.23 Waiver of notice. Section 10-2B-8.24 Quorum and voting. Section 10-2B-8.25 Committees. Division C Standards of Conduct. Section 10-2B-8.30 General standards for directors. Section 10-2B-8.31 Fiduciary obligations not impaired. Section 10-2B-8.32 Depreciating stocks or bonds of corporation with intent to buy. Section 10-2B-8.33 Liability for unlawful distributions. Division D Officers. Section 10-2B-8.40 Required officers. Section 10-2B-8.41 Duties of officers. Section 10-2B-8.42 Standards of conduct for officers. Section 10-2B-8.43 Resignation and removal of officers. Section 10-2B-8.44 Contract rights of officers. Division E Indemnification. Section 10-2B-8.50 Definitions. Section 10-2B-8.51 Authority to indemnify. Section 10-2B-8.52 Mandatory indemnification. Section 10-2B-8.53 Advance for expenses. Section 10-2B-8.54 Court-ordered indemnification. Section 10-2B-8.55 Determination and authorization of indemnification. Section 10-2B-8.56 Indemnification of officers, employees, and agents. Section 10-2B-8.57 Insurance. Section 10-2B-8.58 Application of indemnification provisions. Division F Directors' Conflicting Interest Transactions. Section 10-2B-8.60 Definitions. Section 10-2B-8.61 Judicial action. Section 10-2B-8.62 Directors' action. Section 10-2B-8.63 Shareholders' action. Article 10 Amendment of Articles of Incorporation and Bylaws. Division A Amendment of Articles of Incorporation. Section 10-2B-10.01 Authority to amend articles of incorporation. Section 10-2B-10.02 Amendment by board of directors. Section 10-2B-10.03 Amendment by board of directors and shareholders. Section 10-2B-10.04 Voting on amendments by voting groups. Section 10-2B-10.05 Amendment before issuance of shares. Section 10-2B-10.06 Articles of amendment. Section 10-2B-10.07 Restated articles of incorporation. Section 10-2B-10.08 Amendment pursuant to reorganization. Section 10-2B-10.09 Effect of amendment. Division B Amendment of Bylaws. Section 10-2B-10.20 Amendment by board of directors or shareholders. Section 10-2B-10.21 Bylaw increasing quorum or voting requirement for shareholders. Section 10-2B-10.22 Bylaw increasing quorum or voting requirement for directors. Article 11 Merger and Share Exchange. Division A Mergers and Share Exchanges with Other Corporations. Section 10-2B-11.01 Merger. Section 10-2B-11.02 Share exchange. Section 10-2B-11.03 Action on plan. Section 10-2B-11.04 Merger of subsidiary. Section 10-2B-11.05 Articles of merger or share exchange. Section 10-2B-11.06 Effect of merger or share exchange. Section 10-2B-11.07 Merger or share exchange with foreign corporation. Section 10-2B-11.08 Merger of limited partnership with corporation. Article 12 Sale or Mortgage of Assets. Section 10-2B-12.01 Sale of assets in regular course of business and mortgage of assets. Section 10-2B-12.02 Sale of assets other than in regular course of business. Article 13 Dissenters' Rights. Division A Right to Dissent and Obtain Payment for Shares. Section 10-2B-13.01 Definitions. Section 10-2B-13.02 Right to dissent. Section 10-2B-13.03 Dissent by nominees and beneficial owners. Division B Procedure for Exercise of Dissenters' Rights. Section 10-2B-13.20 Notice of dissenters' rights. Section 10-2B-13.21 Notice of intent to demand payment. Section 10-2B-13.22 Dissenters' notice. Section 10-2B-13.23 Duty to demand payment. Section 10-2B-13.24 Share restrictions. Section 10-2B-13.25 Offer of payment. Section 10-2B-13.26 Failure to take corporate action. Section 10-2B-13.27 Reserved. Section 10-2B-13.28 Procedure if shareholder dissatisfied with offer of payment. Division C Judicial Appraisal of Shares. Section 10-2B-13.30 Court action. Section 10-2B-13.31 Court costs and counsel fees. Section 10-2B-13.32 Status of shares after payment. Article 14 Dissolution. Division A Voluntary Dissolution. Section 10-2B-14.01 Dissolution by incorporators or initial directors. Section 10-2B-14.02 Dissolution by board of directors and shareholders. Section 10-2B-14.03 Articles of dissolution. Section 10-2B-14.04 Revocation of dissolution. Section 10-2B-14.05 Effect of dissolution. Section 10-2B-14.06 Known claims against dissolved corporation. Section 10-2B-14.07 Unknown claims against dissolved corporation. Division B Administrative Dissolution. Section 10-2B-14.20 Grounds for administrative dissolution. Section 10-2B-14.21 Procedure for and effect of administrative dissolution. Section 10-2B-14.22 Reinstatement following administrative dissolution. Section 10-2B-14.23 Appeal from denial of reinstatement. Division C Judicial Dissolution. Section 10-2B-14.30 Grounds for judicial dissolution. Section 10-2B-14.31 Procedure for judicial dissolution. Section 10-2B-14.32 Receivership or custodianship. Section 10-2B-14.33 Decree of dissolution. Section 10-2B-14.34 Election to purchase in lieu of dissolution. Division D Miscellaneous. Section 10-2B-14.40 Deposit with Commissioner of Revenue. Article 15 Foreign Corporations. Division A Certificate of Authority. Section 10-2B-15.01 Authority to transact business required. Section 10-2B-15.02 Consequences of transacting business without authority. Section 10-2B-15.03 Application for certificate of authority. Section 10-2B-15.04 Amended certificate of authority. Section 10-2B-15.05 Effect of certificate of authority. Section 10-2B-15.06 Corporate name of foreign corporation. Section 10-2B-15.07 Registered office and registered agent of foreign corporation. Section 10-2B-15.08 Change of registered office or registered agent of foreign corporation. Section 10-2B-15.09 Resignation of registered agent of foreign corporation. Section 10-2B-15.10 Service on foreign corporation. Section 10-2B-15.11 Out of state business or property of foreign corporation not subject to control or regulation. Section 10-2B-15.12 Right of eminent domain. Section 10-2B-15.13 Extension of lines, tracks, ways, or works into state. Division B Withdrawal. Section 10-2B-15.20 Withdrawal of foreign corporation. Division C Revocation of Certificate of Authority. Section 10-2B-15.30 Grounds for revocation. Section 10-2B-15.31 Procedure for and effect of revocation. Section 10-2B-15.32 Appeal from revocation. Division D Acting in a Fiduciary Capacity. Section 10-2B-15.40 Definitions. Section 10-2B-15.41 Authority of foreign corporation to act as fiduciary. Section 10-2B-15.42 Filing of verified statement with Commissioner of Revenue by foreign corporation prior to acting as fiduciary. Section 10-2B-15.43 Foreign corporation acting as fiduciary not deemed doing business in this state. Section 10-2B-15.44 Foreign corporation previously acting in fiduciary capacity in state. Section 10-2B-15.45 Service of process on foreign corporation acting in fiduciary capacity. Article 16 Records and Reports. Division A Records. Section 10-2B-16.01 Corporate records. Section 10-2B-16.02 Inspection of records by shareholders. Section 10-2B-16.03 Scope of inspection right. Section 10-2B-16.04 Court-ordered inspection. Division B Reports. Section 10-2B-16.20 Financial statements for shareholders. Section 10-2B-16.21 Other reports to shareholders. Section 10-2B-16.22 Annual report for Secretary of State. Article 17 Application. Section 10-2B-17.01 Application to existing domestic corporations. Section 10-2B-17.02 Application to qualified foreign corporations. Section 10-2B-17.03 Saving provisions.

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