PART A - FORMATION OF CORPORATIONS
15-2-101. SCOPE OF CHAPTER.
15-2-102. GENERAL POWERS OF BUSINESS CORPORATIONS.
15-2-103. DEFENSE OF ULTRA VIRES.
15-2-104. ARTICLES OF INCORPORATION.
15-2-105. FILING OF ARTICLES OF INCORPORATION.
15-2-106. EFFECT OF FILING THE ARTICLES OF INCORPORATION - CERTIFICATES OF INCORPORATION.
15-2-107. ORGANIZATION MEETING OF DIRECTORS.
PART B - SHARES, SHAREHOLDERS AND DISTRIBUTIONS
15-2-108. AUTHORIZED SHARES.
15-2-109. CERTIFICATES REPRESENTING SHARES.
15-2-110. SUBSCRIPTION FOR SHARES.
15-2-111. DETERMINATION OF PRICE - PAYMENT FOR SHARES.
15-2-112. EXPENSES OF ORGANIZATION, REORGANIZATION AND FINANCING.
15-2-113. STOCKHOLDER’S LIABILITY - CONSIDERATION FOR SHARES.
15-2-114. STATES CAPITAL; DETERMINATION OF AMOUNT.
15-2-115. PAYMENT OF DEFICITS OUT OF CAPITAL SURPLUS OR EARNED SURPLUS.
15-2-116. INSOLVENT CORPORATION PROHIBITED FROM PURCHASING OWN SHARES.
15-2-117. SHARE TRANSFER RESTRICTIONS.
15-2-118. OFFER TO SELL SHARES.
15-2-119. NOTICE OF TRANSFER RESTRICTIONS ON ISSUED SHARES.
15-2-120. TRANSFER OF SHARES IN BREACH OF TRANSFER RESTRICTIONS.
15-2-121. SALE OF ASSETS.
15-2-122. ELECTION NOT TO HAVE A BOARD OF DIRECTORS.
15-2-123. AGREEMENTS AMONG SHAREHOLDERS.
15-2-124. SHAREHOLDER’S RIGHT TO INSPECT RECORDS.
15-2-125. ANNUAL MEETING.
15-2-126. SPECIAL MEETINGS OF SHAREHOLDERS.
15-2-127. NOTICE OF SHAREHOLDERS’ MEETINGS.
15-2-128. SHAREHOLDER SALE OPTION AT DEATH.
15-2-129. ACTIONS BY SHAREHOLDERS OF CLOSE CORPORATIONS.
15-2-130. LIMITED LIABILITY.
PART C - DIRECTORS AND OFFICERS
15-2-131. DUTIES OF BOARD OF DIRECTORS.
15-2-132. QUALIFICATIONS OF DIRECTORS.
15-2-133. TERMS OF DIRECTORS.
15-2-134. REMOVAL OF DIRECTORS BY SHAREHOLDERS.
15-2-135. REMOVAL OF DIRECTORS BY JUDICIAL PROCEEDING.
15-2-136. MEETINGS.
15-2-137. ACTION WITHOUT MEETING.
15-2-138. NOTICE OF MEETING.
15-2-139. WAIVER OF NOTICE.
15-2-140. QUORUM AND VOTING.
15-2-141. GENERAL STANDARDS FOR DIRECTORS.
15-2-142. DIRECTOR CONFLICT OF INTEREST.
15-2-143. LIABILITY FOR UNLAWFUL DISTRIBUTIONS.
15-2-144. OFFICERS.
15-2-145. STANDARDS OF CONDUCT FOR OFFICERS.
15-2-146. RESIGNATION AND REMOVAL OF OFFICERS.
15-2-147. INDEMINIFICATION OF CORPORATE AGENTS.
15-2-148. MANDATORY INDEMNIFICATION.
15-2-149. INSURANCE.
PART D - AMENDMENT OF ARTICLES OF INCORPORATION
15-2-150. RESOLUTION OF PROPOSED AMENDMENT.
15-2-151. NOTICE OF PROPOSED AMENDMENT.
15-2-152. VOTE OF SHAREHOLDERS AT MEETING.
15-2-153. CLASSES OF SHARES ENTITLED TO VOTE.
15-2-154. ARTICLES OF AMENDMENT.
PART E - DISSOLUTION
15-2-155. DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS.
15-2-156. SHARHOLDER OPTION TO DISSOLVE THE CORPORATION.
15-2-157. ARTICLES OF DISSOLUTION.
15-2-158. EFFECT OF DISSOLUTION.
15-2-159. KNOWN CLAIMS AGAINST DISSOLVED CORPORATION.
15-2-160. UNKNOWN CLAIMS AGAINST DISSOLVED CORPORATION.
15-2-161. GROUNDS FOR ADMINISTRATIVE DISSOLUTION.
15-2-162. PROCEDURE FOR AND EFFECT OF ADMINISTRATIVE DISSOLUTION.
15-2-163. GROUNDS FOR JUDICIAL DISSOLUTION.
15-2-164. PROCEDURE FOR JUDICIAL DISSOLUTION.
15-2-165. DECREE OF DISSOLUTION.
15-2-166. DEPOSIT WITH TRIBAL TREASURER.

15-2-116. INSOLVENT CORPORATION PROHIBITED FROM PURCHASING OWN SHARES.

No purchase of or payment for its own shares shall be made by a corporation at a time when the corporation is insolvent or when such purchase or payment would make it insolvent.

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