Section 65. Classification of corporations  


Latest version.
  • a.  A  corporation shall be
      either,
        1. A public corporation,
        2. A corporation formed other than for profit, or
        3. A corporation formed for profit.
        b. A public corporation shall be either,
        1. A municipal corporation,
        2. A district corporation,
        3. A public benefit corporation.
        c. A corporation formed other than for profit shall be either,
        1. A religious corporation,
        2. An education corporation,
        3. A cooperative corporation,
        4. A not-for-profit corporation, or
        5. Any other corporation formed other than for profit which is  not  a
      public  corporation.  A  reference  in  a  general  law  to  a  class of
      corporations described in  accordance  with  this  classification  shall
      include all corporations belonging to such class.
        d. A corporation formed for profit shall be either,
        1. A business corporation,
        2. A moneyed corporation,
        3. A railroad corporation, or
        4. A transportation corporation.