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.

15-2-130. LIMITED LIABILITY.

The failure of the corporation to observe usual corporate formalities or requirements relating to the exercise of its corporate powers or the management of its business and affairs shall not be grounds for imposing personal liability on the shareholders for obligations of the corporation.

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