California Corporations Code 7130 – The articles of incorporation of a corporation formed under this part …
The articles of incorporation of a corporation formed under this part shall set forth the following:
(a) The name of the corporation.
Terms Used In California Corporations Code 7130
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Service of process: The service of writs or summonses to the appropriate party.
- State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77
(b) (1) Except as provided in paragraph (2) or (3), the following statement:
“This corporation is a nonprofit mutual benefit corporation organized under the Nonprofit Mutual Benefit Corporation Law. The purpose of this corporation is to engage in any lawful act or activity, other than credit union business, for which a corporation may be organized under such law.”
(2) In the case of a corporation formed under this part that is subject to the California Credit Union Law (Chapter 1 (commencing with Section 14000) of Division 5 of the Financial Code), the articles shall set forth a statement of purpose that is prescribed in the applicable provisions of the California Credit Union Law.
(3) In the case of a corporation formed under this part that is a public bank, as defined in § 57600 of the Government Code, the articles shall set forth a statement of purpose that is prescribed in subdivision (a) of § 57601 of the Government Code.
(4) The articles may include a further definition of the corporation’s purposes.
(c) The name and street address in this state of the corporation’s initial agent for service of process in accordance with subdivision (b) of Section 8210.
(d) The initial street address of the corporation.
(e) The initial mailing address of the corporation, if different from the initial street address.
(Amended by Stats. 2019, Ch. 442, Sec. 3. (AB 857) Effective January 1, 2020.)