Legislation
SECTION 65
Classification of corporations
General Construction (GCN) CHAPTER 22, ARTICLE 2-A
§ 65. Classification of corporations. a. A corporation shall be
either,
1. A public corporation,
2. A corporation formed other than for profit, or
3. A corporation formed for profit.
b. A public corporation shall be either,
1. A municipal corporation,
2. A district corporation,
3. A public benefit corporation.
c. A corporation formed other than for profit shall be either,
1. A religious corporation,
2. An education corporation,
3. A cooperative corporation,
4. A not-for-profit corporation, or
5. Any other corporation formed other than for profit which is not a
public corporation. A reference in a general law to a class of
corporations described in accordance with this classification shall
include all corporations belonging to such class.
d. A corporation formed for profit shall be either,
1. A business corporation,
2. A moneyed corporation,
3. A railroad corporation,
4. A transportation corporation, or
5. A benefit corporation.
either,
1. A public corporation,
2. A corporation formed other than for profit, or
3. A corporation formed for profit.
b. A public corporation shall be either,
1. A municipal corporation,
2. A district corporation,
3. A public benefit corporation.
c. A corporation formed other than for profit shall be either,
1. A religious corporation,
2. An education corporation,
3. A cooperative corporation,
4. A not-for-profit corporation, or
5. Any other corporation formed other than for profit which is not a
public corporation. A reference in a general law to a class of
corporations described in accordance with this classification shall
include all corporations belonging to such class.
d. A corporation formed for profit shall be either,
1. A business corporation,
2. A moneyed corporation,
3. A railroad corporation,
4. A transportation corporation, or
5. A benefit corporation.