North Dakota Code 26.1-05-06 – Articles of incorporation – Contents – Filing – Company name
The articles of incorporation of a corporation organized under this chapter must set forth, in addition to what is required to be set forth under the general law governing profit corporations:
Terms Used In North Dakota Code 26.1-05-06
- 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.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. The kind of insurance proposed to be issued.
2. That the company will operate on the stock plan unless it is organized to engage in the life insurance business, in which case the articles must specify whether the company will operate on the stock or mutual plan.
3. The period for the commencement and termination of the company’s fiscal year.
4. The period of its existence which may be perpetual.
5. The name of the company, which may be any name not previously in use by an existing corporation authorized to do business in this state, but the words “insurance company”, or, if the business specified in the articles is that of life insurance and the business is to be conducted upon the mutual plan, the words “mutual life insurance company” must constitute a part of such name.
The articles must be filed in the office of the secretary of state and a certified copy must be filed with the commissioner. The commissioner may not issue a certificate to the company if, in the commissioner’s judgment, the company’s name too closely resembles the name of an existing corporation or is liable to mislead the public.