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  • ARTICLE 2
    Joint-stock Associations
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  • SECTION 4
    Certificate to be filed within sixty days and annually thereafter; penalty; evidence
    • This entry was published on 2014-09-22
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    SECTION 3

    Contents of articles of association

    General Associations (GAS) CHAPTER 29, ARTICLE 2

    § 3. Contents of articles of association. The articles of association
    of a joint-stock association may:

    1. Provide that the death of a stockholder thereof, or the transfer
    of his shares of stock therein, shall not work a dissolution of the
    association;

    2. Prescribe the number of its directors, not less than three, to
    have the sole management of its affairs;

    3. Contain any other provision for the management of its affairs not
    inconsistent with law.