Chapter 5. NAVIGATION COMPANIES
12 sections · 52-5-1 to 52-5-12
- 52-5-1Granting of corporate powers and privileges by Secretary of State.
- 52-5-2Filing of petition for incorporation; contents of petition; attachment of affidavit of incorporators; endorsement, recordation, and filing of petitions by Secretary of State.
- 52-5-3Issuance of certificate of incorporation generally.
- 52-5-4Time of commencement of corporate existence; payment of fee for issuance of certificate.
- 52-5-5Duty of Secretary of State to assure company’s compliance with chapter prior to issuance of certificate; certificate as constituting evidence of corporation’s existence and compliance with chapter.
- 52-5-6Organization of company; quorum; election of first board of directors; qualifications of directors; election and appointment of officers and agents; annual election of, and filling of vacancies on, board of directors.
- 52-5-7Opening books of subscription for capital stock; restriction on increase of capital stock.
- 52-5-8Manner of payment for stock; auction sale of stock upon default by subscriber; giving delinquent subscriber notice of auction sale.
- 52-5-9Stock as constituting personal property; determination of manner of transfer of stock.
- 52-5-10Procedure for increase of capital stock.
- 52-5-11Powers of companies generally.
- 52-5-12Adoption of chapter by companies incorporated prior to April 1, 1969, and by persons otherwise owning or operating a navigation business.