Section 201. Purposes  


Latest version.
  • (a)  A corporation, as defined in subparagraph (5), paragraph (a) of §
      102 (Definitions), may be formed  under  this  chapter  as  provided  in
      paragraph  (b)  unless it may be formed under any other corporate law of
      this state in which event it may not be formed under this chapter unless
      such other corporate law expressly so provides.
        (b) A corporation, of a type and for a purpose or purposes as follows,
      may be formed under this chapter, provided consents required  under  any
      other statute of this state have been obtained:
        Type  A  - A not-for-profit corporation of this type may be formed for
      any lawful non-business purpose or purposes including, but  not  limited
      to,  any  one  or  more of the following non-pecuniary purposes:  civic,
      patriotic,  political,  social,   fraternal,   athletic,   agricultural,
      horticultural,  animal  husbandry,  and  for a professional, commercial,
      industrial, trade or service association.
        Type B - A not-for-profit corporation of this type may be  formed  for
      any  one  or  more  of  the following non-business purposes: charitable,
      educational,  religious,  scientific,  literary,  cultural  or  for  the
      prevention of cruelty to children or animals.
        Type  C  - A not-for-profit corporation of this type may be formed for
      any lawful business purpose to achieve a lawful public  or  quasi-public
      objective.
        Type D - A not-for-profit corporation of this type may be formed under
      this  chapter  when  such formation is authorized by any other corporate
      law of this state for any business  or  non-business,  or  pecuniary  or
      non-pecuniary,  purpose or purposes specified by such other law, whether
      such purpose or purposes  are  also  within  types  A,  B,  C  above  or
      otherwise.
        (c) If a corporation is formed for purposes which are within both type
      A  and  type  B above, it is a type B corporation.  If a corporation has
      among its purposes any purpose which is within type C, such  corporation
      is  a  type  C  corporation.    A  type  D corporation is subject to all
      provisions of this chapter which are applicable to a type B  corporation
      under  this  chapter  unless provided to the contrary in, and subject to
      the  contrary  provisions  of,  the  other  corporate  law   authorizing
      formation under this chapter of the type D corporation.