§ 7-1.2-301 - Purposes.
SECTION 7-1.2-301
§ 7-1.2-301 Purposes. – Corporations may be organized under this chapter for any lawful purpose orpurposes, except for the purpose of carrying on within this state the businessof a bank, savings bank, trust company, building and loan association, loan andinvestment company, safe deposit company, railroad, electric railroad or streetrailway company, telegraph or telephone company, gas or electric light, heat orpower company, canal, aqueduct, or water company, turnpike company, or anycorporation which now has or may subsequently have the right to take or condemnland or other property within this state under the power of eminent domain, orto exercise or acquire franchises in streets or highways of this state, andfurther except for the purpose of rendering the professional services specifiedin chapter 5.1 of this title which must be organized under the provisions ofthat chapter.