79-4-3 - 01. Purposes. - Mississippi Statutes

§ 79-4-3.01. Purposes.
 

(a)  Every corporation incorporated under Sections 79-4-1.01 et seq. has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation. 

(b)  A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under Sections 79-4-1.01 et seq. only if permitted by, and subject to all limitations of the other statute. 
 

Sources: Laws,  1987, ch. 486, § 301, eff from and after January 1, 1988.