Article 1. General Provisions.

Division A. Short Title, Applicability, and Reservation of Power.

§ 10-2B-1.01. Short title and applicability.

§ 10-2B-1.02. Reservation of power to amend or repeal.

Division B. Filing Documents.

§ 10-2B-1.20. Filing requirements.

§ 10-2B-1.21. Forms.

§ 10-2B-1.22. Filing, service, and copying fees.

§ 10-2B-1.23. Effective time and date of document.

§ 10-2B-1.24. Correcting filed document.

§ 10-2B-1.25. Place of filing and filing duties of probate judge and Secretary of State.

§ 10-2B-1.26. Appeal from probate judge's or Secretary of State's refusal to file document.

§ 10-2B-1.27. Evidentiary effect of copy of filed document.

§ 10-2B-1.28. Certificate of existence.

§ 10-2B-1.29. Penalty for signing false document.

Division C. Probate Judge and Secretary of State.

§ 10-2B-1.30. Powers of probate judge and Secretary of State.

Division D. Definitions.

§ 10-2B-1.40. Definitions.

§ 10-2B-1.41. Notice.

Article 2. Incorporation.

§ 10-2B-2.01. Incorporators.

§ 10-2B-2.02. Articles of incorporation.

§ 10-2B-2.03. Incorporation.

§ 10-2B-2.04. Liability for preincorporation transaction.

§ 10-2B-2.05. Organization of corporation.

§ 10-2B-2.06. Bylaws.

§ 10-2B-2.07. Emergency bylaws.

§ 10-2B-2.08. Incorporation by purchasers of property or franchise of corporation.

Article 3. Purposes and Powers.

§ 10-2B-3.01. Purposes.

§ 10-2B-3.02. General powers.

§ 10-2B-3.03. Emergency powers.

§ 10-2B-3.04. Ultra vires.

Article 4. Name.

§ 10-2B-4.01. Corporate name.

§ 10-2B-4.02. Reserved name.

§ 10-2B-4.03. Registered name.

Article 5. Office and Agent.

§ 10-2B-5.01. Registered office and registered agent.

§ 10-2B-5.02. Change of registered office or registered agent.

§ 10-2B-5.03. Resignation of registered agent.

§ 10-2B-5.04. Service on corporation.

Article 6. Shares and Distributions.

Division A. Shares.

§ 10-2B-6.01. Authorized shares.

§ 10-2B-6.02. Terms of class or series determined by board of directors.

§ 10-2B-6.03. Issued and outstanding shares.

§ 10-2B-6.04. Fractional shares.

Division B. Issuance of Shares.

§ 10-2B-6.20. Subscription for shares before incorporation.

§ 10-2B-6.21. Issuance of shares.

§ 10-2B-6.22. Liability of shareholders and subscribers.

§ 10-2B-6.23. Share dividends.

§ 10-2B-6.24. Share options.

§ 10-2B-6.25. Form and content of certificates.

§ 10-2B-6.26. Shares without certificates.

§ 10-2B-6.27. Restriction on transfer of shares and other securities.

§ 10-2B-6.28. Expense of issue.

Division C. Subsequent Acquisition of Shares by Shareholders and Corporation.

§ 10-2B-6.30. Shareholders' preemptive rights.

§ 10-2B-6.31. Corporation's acquisition of its own shares.

§ 10-2B-6.32. Cancellation of reacquired shares.

Division D. Distributions.

§ 10-2B-6.40. Distributions to shareholders.

Article 7. Shareholders.

Division A. Meetings.

§ 10-2B-7.01. Annual meeting.

§ 10-2B-7.02. Special meeting.

§ 10-2B-7.03. Court-ordered meeting.

§ 10-2B-7.04. Action without meeting.

§ 10-2B-7.05. Notice of meeting.

§ 10-2B-7.06. Waiver of notice.

§ 10-2B-7.07. Record date.

Division B. Voting.

§ 10-2B-7.20. Shareholders' list for meeting.

§ 10-2B-7.21. Voting entitlement of shares.

§ 10-2B-7.22. Proxies.

§ 10-2B-7.23. Shares held by nominees.

§ 10-2B-7.24. Corporation's acceptance of votes.

§ 10-2B-7.25. Quorum and voting requirements for voting groups.

§ 10-2B-7.26. Action by single and multiple voting groups.

§ 10-2B-7.27. Greater quorum or voting requirements.

§ 10-2B-7.28. Voting for directors; cumulative voting.

Division C. Voting Trusts and Agreements.

§ 10-2B-7.30. Voting trust.

§ 10-2B-7.31. Voting agreements.

§ 10-2B-7.32. Shareholder agreements.

Article 8. Directors and Officers.

Division A. Board of Directors.

§ 10-2B-8.01. Requirement for and duties of board of directors.

§ 10-2B-8.02. Qualifications of directors.

§ 10-2B-8.03. Number and election of directors.

§ 10-2B-8.04. Election of directors by certain classes of shareholders.

§ 10-2B-8.05. Terms of directors generally.

§ 10-2B-8.06. Staggered terms for directors.

§ 10-2B-8.07. Resignation of directors.

§ 10-2B-8.08. Removal of directors by shareholders.

§ 10-2B-8.09. Removal of directors by judicial proceeding.

§ 10-2B-8.10. Vacancy on board.

§ 10-2B-8.11. Compensation of directors.

Division B. Meetings and Actions of the Board.

§ 10-2B-8.20. Meetings.

§ 10-2B-8.21. Action without meeting.

§ 10-2B-8.22. Notice of meeting.

§ 10-2B-8.23. Waiver of notice.

§ 10-2B-8.24. Quorum and voting.

§ 10-2B-8.25. Committees.

Division C. Standards of Conduct.

§ 10-2B-8.30. General standards for directors.

§ 10-2B-8.31. Fiduciary obligations not impaired.

§ 10-2B-8.32. Depreciating stocks or bonds of corporation with intent to buy.

§ 10-2B-8.33. Liability for unlawful distributions.

Division D. Officers.

§ 10-2B-8.40. Required officers.

§ 10-2B-8.41. Duties of officers.

§ 10-2B-8.42. Standards of conduct for officers.

§ 10-2B-8.43. Resignation and removal of officers.

§ 10-2B-8.44. Contract rights of officers.

Division E. Indemnification.

§ 10-2B-8.50. Definitions.

§ 10-2B-8.51. Authority to indemnify.

§ 10-2B-8.52. Mandatory indemnification.

§ 10-2B-8.53. Advance for expenses.

§ 10-2B-8.54. Court-ordered indemnification.

§ 10-2B-8.55. Determination and authorization of indemnification.

§ 10-2B-8.56. Indemnification of officers, employees, and agents.

§ 10-2B-8.57. Insurance.

§ 10-2B-8.58. Application of indemnification provisions.

Division F. Directors' Conflicting Interest Transactions.

§ 10-2B-8.60. Definitions.

§ 10-2B-8.61. Judicial action.

§ 10-2B-8.62. Directors' action.

§ 10-2B-8.63. Shareholders' action.

Article 10. Amendment of Articles of Incorporation and Bylaws.

Division A. Amendment of Articles of Incorporation.

§ 10-2B-10.01. Authority to amend articles of incorporation.

§ 10-2B-10.02. Amendment by board of directors.

§ 10-2B-10.03. Amendment by board of directors and shareholders.

§ 10-2B-10.04. Voting on amendments by voting groups.

§ 10-2B-10.05. Amendment before issuance of shares.

§ 10-2B-10.06. Articles of amendment.

§ 10-2B-10.07. Restated articles of incorporation.

§ 10-2B-10.08. Amendment pursuant to reorganization.

§ 10-2B-10.09. Effect of amendment.

Division B. Amendment of Bylaws.

§ 10-2B-10.20. Amendment by board of directors or shareholders.

§ 10-2B-10.21. Bylaw increasing quorum or voting requirement for shareholders.

§ 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.

§ 10-2B-11.01. Merger.

§ 10-2B-11.02. Share exchange.

§ 10-2B-11.03. Action on plan.

§ 10-2B-11.04. Merger of subsidiary.

§ 10-2B-11.05. Articles of merger or share exchange.

§ 10-2B-11.06. Effect of merger or share exchange.

§ 10-2B-11.07. Merger or share exchange with foreign corporation.

§ 10-2B-11.08. Merger of limited partnership with corporation.

Article 12. Sale or Mortgage of Assets.

§ 10-2B-12.01. Sale of assets in regular course of business and mortgage of assets.

§ 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.

§ 10-2B-13.01. Definitions.

§ 10-2B-13.02. Right to dissent.

§ 10-2B-13.03. Dissent by nominees and beneficial owners.

Division B. Procedure for Exercise of Dissenters' Rights.

§ 10-2B-13.20. Notice of dissenters' rights.

§ 10-2B-13.21. Notice of intent to demand payment.

§ 10-2B-13.22. Dissenters' notice.

§ 10-2B-13.23. Duty to demand payment.

§ 10-2B-13.24. Share restrictions.

§ 10-2B-13.25. Offer of payment.

§ 10-2B-13.26. Failure to take corporate action.

§ 10-2B-13.27. Reserved.

§ 10-2B-13.28. Procedure if shareholder dissatisfied with offer of payment.

Division C. Judicial Appraisal of Shares.

§ 10-2B-13.30. Court action.

§ 10-2B-13.31. Court costs and counsel fees.

§ 10-2B-13.32. Status of shares after payment.

Article 14. Dissolution.

Division A. Voluntary Dissolution.

§ 10-2B-14.01. Dissolution by incorporators or initial directors.

§ 10-2B-14.02. Dissolution by board of directors and shareholders.

§ 10-2B-14.03. Articles of dissolution.

§ 10-2B-14.04. Revocation of dissolution.

§ 10-2B-14.05. Effect of dissolution.

§ 10-2B-14.06. Known claims against dissolved corporation.

§ 10-2B-14.07. Unknown claims against dissolved corporation.

Division B. Administrative Dissolution.

§ 10-2B-14.20. Grounds for administrative dissolution.

§ 10-2B-14.21. Procedure for and effect of administrative dissolution.

§ 10-2B-14.22. Reinstatement following administrative dissolution.

§ 10-2B-14.23. Appeal from denial of reinstatement.

Division C. Judicial Dissolution.

§ 10-2B-14.30. Grounds for judicial dissolution.

§ 10-2B-14.31. Procedure for judicial dissolution.

§ 10-2B-14.32. Receivership or custodianship.

§ 10-2B-14.33. Decree of dissolution.

§ 10-2B-14.34. Election to purchase in lieu of dissolution.

Division D. Miscellaneous.

§ 10-2B-14.40. Deposit with Commissioner of Revenue.

Article 15. Foreign Corporations.

Division A. Certificate of Authority.

§ 10-2B-15.01. Authority to transact business required.

§ 10-2B-15.02. Consequences of transacting business without authority.

§ 10-2B-15.03. Application for certificate of authority.

§ 10-2B-15.04. Amended certificate of authority.

§ 10-2B-15.05. Effect of certificate of authority.

§ 10-2B-15.06. Corporate name of foreign corporation.

§ 10-2B-15.07. Registered office and registered agent of foreign corporation.

§ 10-2B-15.08. Change of registered office or registered agent of foreign corporation.

§ 10-2B-15.09. Resignation of registered agent of foreign corporation.

§ 10-2B-15.10. Service on foreign corporation.

§ 10-2B-15.11. Out of state business or property of foreign corporation not subject to control or regulation.

§ 10-2B-15.12. Right of eminent domain.

§ 10-2B-15.13. Extension of lines, tracks, ways, or works into state.

Division B. Withdrawal.

§ 10-2B-15.20. Withdrawal of foreign corporation.

Division C. Revocation of Certificate of Authority.

§ 10-2B-15.30. Grounds for revocation.

§ 10-2B-15.31. Procedure for and effect of revocation.

§ 10-2B-15.32. Appeal from revocation.

Division D. Acting in a Fiduciary Capacity.

§ 10-2B-15.40. Definitions.

§ 10-2B-15.41. Authority of foreign corporation to act as fiduciary.

§ 10-2B-15.42. Filing of verified statement with Commissioner of Revenue by foreign corporation prior to acting as fiduciary.

§ 10-2B-15.43. Foreign corporation acting as fiduciary not deemed doing business in this state.

§ 10-2B-15.44. Foreign corporation previously acting in fiduciary capacity in state.

§ 10-2B-15.45. Service of process on foreign corporation acting in fiduciary capacity.

Article 16. Records and Reports.

Division A. Records.

§ 10-2B-16.01. Corporate records.

§ 10-2B-16.02. Inspection of records by shareholders.

§ 10-2B-16.03. Scope of inspection right.

§ 10-2B-16.04. Court-ordered inspection.

Division B. Reports.

§ 10-2B-16.20. Financial statements for shareholders.

§ 10-2B-16.21. Other reports to shareholders.

§ 10-2B-16.22. Annual report for Secretary of State.

Article 17. Application.

§ 10-2B-17.01. Application to existing domestic corporations.

§ 10-2B-17.02. Application to qualified foreign corporations.

§ 10-2B-17.03. Saving provisions.