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  6. Title 15 - CORPORATIONS AND...
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  8. Chapter 23 - Statutory Close Corporations


Chapter 23 - Statutory Close Corporations


  • Chapter Notes
  • Section 2301 - Application and effect of chapter
  • Section 2302 - Definition of minimum vote
  • Section 2303 - Formation of statutory close corporations
  • Section 2304 - Additional contents of articles of statutory close corporations
  • Section 2305 - Election of an existing business corporation to become a statutory close corporation
  • Section 2306 - Limitations on continuation of statutory close corporation status
  • Section 2307 - Voluntary termination of statutory close corporation status by amendment of articles
  • Section 2308 - Issuance or transfer of shares of a statutory close corporation in breach of qualifying conditions
  • Section 2309 - Involuntary termination of statutory close corporation status; proceeding to prevent loss of status
  • Section 2321 - Shares
  • Section 2322 - Share transfer restrictions
  • Section 2323 - Transfer of shares in breach of transfer restrictions
  • Section 2324 - Corporation option where a restriction on transfer of a security is held invalid
  • Section 2325 - Sale option of estate of shareholder
  • Section 2331 - Directors
  • Section 2332 - Management by shareholders
  • Section 2333 - Appointment of custodian for statutory close corporation
  • Section 2334 - Appointment of provisional director in certain cases
  • Section 2335 - Operating corporation as partnership
  • Section 2336 - Fundamental changes
  • Section 2337 - Option of shareholder to dissolve corporation
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