1. 1. One or more individuals may act as the incorporator or incorporators of a corporation by delivering articles of incorporation to the secretary of state for filing.

2. 2. The articles of incorporation adopted after July 1, 1995, must set forth:

   1. (1) A corporate name for the corporation that satisfies the requirements of section 355.146;

   2. (2) One of the following statements:

      1. (a) This corporation is a public benefit corporation; or
      2. (b) This corporation is a mutual benefit corporation;
   3. (3) The street address of the corporation's initial registered office and the name of its initial registered agent at that office;
   4. (4) The name and address of each incorporator;
   5. (5) Whether or not the corporation will have members; and
   6. (6) Provisions not inconsistent with law regarding the distribution of assets on dissolution.

3. 3. The articles of incorporation may set forth:

   1. (1) The purpose or purposes for which the corporation is organized, which may be, either alone or in combination with other purposes, the transaction of any lawful activity;
   2. (2) The names and addresses of the individuals who are to serve as the initial directors;

   3. (3) Provisions not inconsistent with law regarding:

      1. (a) Managing and regulating the affairs of the corporation;
      2. (b) Defining, limiting, and regulating the powers of the corporation, its board of directors, and members, or any class of members; and
      3. (c) The characteristics, qualifications, rights, limitations and obligations attaching to each or any class of members;
   4. (4) Any provision that under this chapter is required or permitted to be set forth in the bylaws.

(L. 1994 H.B. 1095)

Effective 7-01-95