CHAPTER 31D. WEST VIRGINIA BUSINESS CORPORATION ACT.

ARTICLE 3. PURPOSES AND POWERS.

§31D-3-301. Purposes.

(a) Every corporation incorporated under this chapter 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 this chapter only if permitted by, and subject to all limitations of, the other statute.

Note: WV Code updated with legislation passed through the 2020 Regular Session
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WEST VIRGINIA CODE

CHAPTER 31D. WEST VIRGINIA BUSINESS CORPORATION ACT.

ARTICLE 3. PURPOSES AND POWERS.

§31D-3-301. Purposes.