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2005 West Virginia Code - CHAPTER 31D. — WEST VIRGINIA BUSINESS CORPORATION ACT
- CHAPTER 31D. — WEST VIRGINIA BUSINESS CORPORATION ACT.
- ARTICLE 1. — GENERAL PROVISIONS.
- §31D-1-101. — Short title.
- §31D-1-101a. — Legislative acknowledgment.
- §31D-1-102. — Reservation of powers.
- §31D-1-103. — Construction of chapter.
- §31D-1-120. — Filing requirements.
- §31D-1-121. — Forms.
- §31D-1-122. — Filing, service and copying fees.
- §31D-1-123. — Effective time and date of document.
- §31D-1-124. — Correcting filed document.
- §31D-1-125. — Filing duty of secretary of state.
- §31D-1-126. — Appeal from secretary of state's refusal to file document.
- §31D-1-127. — Evidentiary effect of copy of filed document.
- §31D-1-128. — Certificate of existence.
- §31D-1-129. — Penalty for signing false document.
- §31D-1-150. — Definitions.
- §31D-1-151. — Notice.
- §31D-1-152. — Number of shareholders.
- ARTICLE 2. — INCORPORATION.
- §31D-2-201. — Incorporators.
- §31D-2-202. — Articles of incorporation.
- §31D-2-203. — Incorporation.
- §31D-2-204. — Organization of corporation.
- §31D-2-205. — Bylaws.
- §31D-2-206. — Emergency bylaws.
- ARTICLE 3. — PURPOSES AND POWERS.
- §31D-3-301. — Purposes.
- §31D-3-302. — General powers.
- §31D-3-303. — Emergency powers.
- §31D-3-304. — Ultra vires.
- ARTICLE 4. — NAME.
- §31D-4-401. — Corporate name.
- §31D-4-402. — Use of the words "corporation", "incorporated" or "limited"; prohibitions; penalties.
- §31D-4-403. — Reserved name.
- §31D-4-404. — Registered name.
- ARTICLE 5. — OFFICE AND AGENT.
- §31D-5-501. — Registered office and registered agent.
- §31D-5-502. — Change of registered office or registered agent.
- §31D-5-503. — Resignation of registered agent.
- §31D-5-504. — Service on corporation.
- ARTICLE 6. — SHARES AND DISTRIBUTIONS.
- §31D-6-601. — Authorized shares.
- §31D-6-602. — Terms of class or series determined by board of directors.
- §31D-6-603. — Issued and outstanding shares.
- §31D-6-604. — Fractional shares.
- §31D-6-620. — Subscription for shares before incorporation.
- §31D-6-621. — Issuance of shares.
- §31D-6-622. — Liability of shareholders.
- §31D-6-623. — Share dividends.
- §31D-6-624. — Share options.
- §31D-6-625. — Form and content of certificates.
- §31D-6-626. — Shares without certificates.
- §31D-6-627. — Restriction on transfer of shares and other securities.
- §31D-6-628. — Expense of issue.
- §31D-6-630. — Shareholders' preemptive rights.
- §31D-6-631. — Corporation's acquisition of its own shares.
- §31D-6-640. — Distributions to shareholders.
- ARTICLE 7. — SHAREHOLDERS.
- §31D-7-701. — Annual meeting.
- §31D-7-702. — Special meeting.
- §31D-7-703. — Court-ordered meeting.
- §31D-7-704. — Action without meeting.
- §31D-7-705. — Notice of meeting.
- §31D-7-706. — Waiver of notice.
- §31D-7-707. — Record date.
- §31D-7-708. — Conduct of the meeting.
- §31D-7-720. — Shareholders' list for meeting.
- §31D-7-721. — Voting entitlement of shares.
- §31D-7-722. — Proxies.
- §31D-7-723. — Shares held by nominees.
- §31D-7-724. — Corporation's acceptance of votes.
- §31D-7-725. — Quorum and voting requirements for voting groups.
- §31D-7-726. — Action by single and multiple voting groups.
- §31D-7-727. — Greater quorum or voting requirements.
- §31D-7-728. — Voting for directors; cumulative voting.
- §31D-7-729. — Inspectors of election.
- §31D-7-730. — Voting trusts.
- §31D-7-731. — Voting agreements.
- §31D-7-732. — Shareholder agreements.
- ARTICLE 8. — DIRECTORS AND OFFICERS.
- §31D-8-801. — Requirement for and duties of board of directors.
- §31D-8-802. — Qualifications of directors.
- §31D-8-803. — Number and election of directors.
- §31D-8-804. — Election of directors by certain classes of shareholders.
- §31D-8-805. — Terms of directors generally.
- §31D-8-806. — Staggered terms for directors.
- §31D-8-807. — Resignation of directors.
- §31D-8-808. — Removal of directors by shareholders.
- §31D-8-809. — Removal of directors by judicial proceeding.
- §31D-8-810. — Vacancy on board.
- §31D-8-811. — Compensation of directors.
- §31D-8-820. — Meetings.
- §31D-8-821. — Action without meeting.
- §31D-8-822. — Notice of meeting.
- §31D-8-823. — Waiver of notice.
- §31D-8-824. — Quorum and voting.
- §31D-8-825. — Committees.
- §31D-8-830. — Standard of conduct for directors.
- §31D-8-831. — Standards of liability for directors.
- §31D-8-832. — [RESERVED]
- §31D-8-833. — Directors' liability for unlawful distributions.
- §31D-8-840. — Required officers.
- §31D-8-841. — Duties of officers.
- §31D-8-842. — Standards of conduct for officers.
- §31D-8-843. — Resignation and removal of officers.
- §31D-8-844. — Contract rights of officers.
- §31D-8-850. — Part definitions.
- §31D-8-851. — Permissible indemnification.
- §31D-8-852. — Mandatory indemnification.
- §31D-8-853. — Advance for expenses.
- §31D-8-854. — Circuit court-ordered indemnification and advance for expenses.
- §31D-8-855. — Determination and authorization of indemnification.
- §31D-8-856. — Indemnification of officers.
- §31D-8-857. — Insurance.
- §31D-8-858. — Variation by corporate action; application of part.
- §31D-8-859. — Exclusivity of part.
- §31D-8-860. — Directors' conflicting interest transactions.
- ARTICLE 9. — [RESERVED]
- ARTICLE 10. — AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS.
- §31D-10-1001. — Authority to amend.
- §31D-10-1002. — Amendment before issuance of shares.
- §31D-10-1003. — Amendment by board of directors and shareholders.
- §31D-10-1004. — Voting on amendments by voting groups.
- §31D-10-1005. — Amendment by board of directors.
- §31D-10-1006. — Articles of amendment.
- §31D-10-1007. — Restated articles of incorporation.
- §31D-10-1008. — Amendment pursuant to reorganization.
- §31D-10-1009. — Effect of amendment.
- §31D-10-1020. — Amendment by board of directors or shareholders.
- §31D-10-1021. — Bylaw increasing quorum or voting requirement for directors.
- ARTICLE 11. — MERGERS AND SHARE EXCHANGES.
- §31D-11-1101. — Definitions.
- §31D-11-1102. — Merger.
- §31D-11-1103. — Share exchange.
- §31D-11-1104. — Action on a plan of merger or share exchange.
- §31D-11-1105. — Merger between parent and subsidiary or between subsidiaries.
- §31D-11-1106. — Articles of merger or share exchange.
- §31D-11-1107. — Effect of merger or share exchange.
- §31D-11-1108. — Abandonment of a merger or share exchange.
- §31D-11-1109. — Conversion of a domestic corporation to a domestic limited liability company.
- ARTICLE 12. — DISPOSITION OF ASSETS.
- §31D-12-1201. — Disposition of assets not requiring shareholder approval.
- §31D-12-1202. — Shareholder approval of certain dispositions.
- ARTICLE 13. — APPRAISAL RIGHTS.
- §31D-13-1302. — Right to appraisal.
- §31D-13-1303. — Assertion of rights by nominees and beneficial owners.
- §31D-13-1321. — Notice of intent to demand payment.
- §31D-13-1322. — Appraisal notice and form.
- §31D-13-1323. — Perfection of rights; right to withdraw.
- §31D-13-1324. — Payment.
- §31D-13-1325. — After-acquired shares.
- §31D-13-1326. — Procedure if shareholder dissatisfied with payment or offer.
- §31D-13-1330. — Court action.
- §31D-13-1331. — Court costs and counsel fees.
- ARTICLE 14. — DISSOLUTION.
- §31D-14-1401. — Dissolution by incorporators or initial directors.
- §31D-14-1402. — Dissolution by board of directors and shareholders.
- §31D-14-1403. — Articles of dissolution.
- §31D-14-1404. — Revocation of dissolution.
- §31D-14-1405. — Effect of dissolution.
- §31D-14-1406. — Known claims against dissolved corporation.
- §31D-14-1407. — Unknown claims against dissolved corporation.
- §31D-14-1420. — Grounds for administrative dissolution.
- §31D-14-1421. — Procedure for and effect of administrative dissolution.
- §31D-14-1422. — Reinstatement following administrative dissolution.
- §31D-14-1423. — Appeal from denial of reinstatement.
- §31D-14-1430. — Grounds for judicial dissolution.
- §31D-14-1431. — Procedure for judicial dissolution.
- §31D-14-1432. — Receivership or custodianship.
- §31D-14-1433. — Decree of dissolution.
- §31D-14-1434. — Election to purchase in lieu of dissolution.
- §31D-14-1440. — Deposit with state treasurer.
- ARTICLE 15. — FOREIGN CORPORATIONS.
- §31D-15-1501. — Authority to transact business and jurisdiction over foreign corporations.
- §31D-15-1502. — Consequences of transacting business without authority.
- §31D-15-1503. — Application for certificate of authority.
- §31D-15-1504. — Amended certificate of authority.
- §31D-15-1505. — Effect of certificate of authority.
- §31D-15-1506. — Corporate name of foreign corporation.
- §31D-15-1507. — Registered office and registered agent of foreign corporation.
- §31D-15-1508. — Change of registered office or registered agent of foreign corporation.
- §31D-15-1509. — Resignation of registered agent of foreign corporation.
- §31D-15-1510. — Service on foreign corporation.
- §31D-15-1520. — Withdrawal of foreign corporation.
- §31D-15-1521. — Revocation of withdrawal.
- §31D-15-1530. — Grounds for revocation.
- §31D-15-1531. — Procedure for and effect of revocation.
- §31D-15-1532. — Appeal from revocation.
- ARTICLE 16. — RECORDS AND REPORTS.
- §31D-16-1601. — Corporate records.
- §31D-16-1602. — Inspection of records by shareholders.
- §31D-16-1603. — Scope of inspection right.
- §31D-16-1604. — Court-ordered inspection.
- §31D-16-1605. — Inspection of records by directors.
- §31D-16-1606. — Exception to notice requirement.
- §31D-16-1620. — Financial statements for shareholders.
- ARTICLE 17. — TRANSITION PROVISIONS.
- §31D-17-1701. — Application to existing domestic corporations.
- §31D-17-1702. — Application to qualified foreign corporations.
- §31D-17-1703. — Effective date.
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