Legislation

Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 204
Limitation on activities
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 2
§ 204. Limitation on activities.

Notwithstanding any other provision of this chapter or any other
general law, a corporation of any kind to which this chapter applies
shall conduct no activities for pecuniary profit or financial gain,
whether or not in furtherance of its corporate purposes, except to the
extent that such activity supports its other lawful activities then
being conducted.