Current with changes from the 2024 legislative session through Ch. 734, effective on or before 6/1/2024
Section 4-202 - Required references to close corporation status(a) Clear reference to the fact that the corporation is a close corporation shall appear prominently: (1) At the head of the charter document in which the election to be a close corporation is made;(2) In each subsequent charter document of the corporation; and(3) On each certificate representing outstanding stock of the corporation.(b) The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.