Form Bcs/cd-500 - Articles Of Incorporation Page 3
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12REVIEW PROCEDURES FOR C&S 500 - ARTICLES OF INCORPORATION
FOR DOMESTIC PROFIT CORPORATIONS
SPECIFIC DOCUMENT ITEMS
STATUTORY CITE
Policy Statement C-15
7. BIDCO (Business and Industrial Development Corporation)
See separate BIDCO
section
Special Opinion 184
8. The word "medicare" could be misleading in a corporate name.
42 USC 1320b-10
External policy re: BANKS
9. The word "bank" may be used in the name of a subsidiary of a bank or
thrift institution.
AND FIDUCIARIES
AG opinion 5756 dated
10. The word "insurance" may be used in the name of a corporate insurance
8-19-80 (our No. 252)
agency provided the word is used in conjunction with the word "agency"
so as not to mislead the public or imply that the corporation is an
insurance company.
Policy Statement C-10
11. The name of a corporation can include the word "hospital" so long as the
purposes clearly state the corporation will not engage in the practice of
medicine.
G. Ann Baker memo
12. The words "Emergency Medical Services" may be used in the name of a
to document examiners
corporation without requiring the corporation to be a professional service
corporation provided the articles clearly state the purpose of the
dated 10-30-89
corporation is to carry out purposes of U.S. Public Law 93-154, Sections
1203 and 1204 (the Emergency Medical Services Act of 1973) or P.A.
368 of 1978, being 333.20701-333.20773 ( the Emergency Medical
Services Act).
ARTICLE II
BCA 202(b)
1. The purpose for which the corporation is organized. An "all purpose"
Policy Statement C-10
statement to the effect the corporation may engage in any activity within
the purposes for which corporations may be formed under the Act is
Policy Statement C-15
Policy Statement C-33
sufficient. An "all purpose" statement may appear alone, with
External Policy re: Banks
specifically enumerated purposes, or may be omitted entirely.
& Fiduciaries
External Policy re:
MSHDA
2. Educational corporations must state their educational system and
BCA 202(b)
GCA 173
include the degrees, honors, diplomas, or certificates which will be
See separate
granted. They must also obtain approval from the Department of
Education before filing can be completed.
EDUCATIONAL
CORPORATIONS section
See separate section
3. Public body corporations
Policy Statement C-20
4. A bank holding company must include in its purposes that it is registered
or will be registered as a bank holding company under the Bank Holding
Company Act of 1956.
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