§ 10-16-303 — Filing of articles of incorporation

(1) Whenever any number of
persons associate to form a corporation for any of the purposes named in section
10-16-302, they shall submit articles of incorporation which shall be issued in
triplicate to the commissioner and the attorney general for examination. After
being approved by such officers, the articles shall be filed and recorded in the
office of the secretary of state who shall issue a certificate of incorporation. A copy
of such articles, certified by the secretary of state, shall be filed with the
commissioner.

(2) When not less than the amount required by section 10-16-310 is deposited
with the commissioner, as provided for in this part 3, the commissioner shall cause
an examination to be made either by the commissioner or some disinterested
person, especially appointed by the commissioner for the purpose, who shall certify
that the provisions of part 1 of this article and this part 3 have been complied with
by said corporation, as far as applicable thereto. Such certificate shall be filed in
the office of the commissioner, who shall thereupon deliver to such corporation a
certified copy thereof, which, together with a copy of the articles of incorporation,
shall be filed in the office of the clerk and recorder of the county wherein the
principal office of the company is to be located, before the authority to commence
business is granted.

(3) Whenever any such corporation thereafter desires to amend its articles
of incorporation, it shall file its certificate of amendment with the commissioner
before filing the same with the secretary of state, and if the commissioner, with the
advice of the attorney general, finds the same to have been legally adopted and to
be in due legal form and not in conflict with the provisions of law governing such
corporations, then, and not otherwise, such certificate of amendment shall be filed
with the secretary of state.

(4) Any corporation organized under the laws of this state relating to
corporations not for profit prior to July 1, 1967, for the purposes named in section
10-16-302, shall within one year after July 1, 1967, comply with all of the provisions
of this section and shall thereupon become subject to and be governed by said
provisions.

Legislative History

Source: L. 92: Entire article R&RE, p. 1682, � 1, effective July 1.