Articles; required provisions

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  • The articles of incorporation shall contain:
    • (a) The name of the corporation.

    • (b) The purposes for which it is formed.

    • (c) The island on which the principal office for the transaction of the business of the corporation is located.

    • (d) The number of its directors, which shall be not less than 5 nor more than 25.

    • (e) The names and post-office addresses of the directors, who shall serve until the first annual meeting.

    • (f) The names and post-office addresses of the subscribers for shares and a statement of the number of shares which each agrees to take in the corporation.


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