ARTICLE 7. Protection and Development Corporations

Article 7 added by Stats. 1965, Ch. 1144.

§§ 4731–4738 · 8 sections

• § 4731 Corporations may be formed under the general corporation laws of this state for the protection and development of forest and other renewable natural resources,…
• § 4732 All shares of stock issued by the corporation shall have a par value, and, in addition to other requirements prescribed by law, the articles of incorporation…
• § 4733 No shareholder of any corporation formed pursuant to this article shall receive or accept from the corporation in repayment of his investment in its shares any…
• § 4734 Any corporation formed pursuant to this article may, if so authorized by the Commissioner of Financial Protection and Innovation, borrow money from or sell,…
• § 4735 Any corporation operating in or upon forests or forest lands of this state which borrows money from any corporation or agency established under the authority…
• § 4736 No operation of a corporation operating pursuant to this article, involving the cutting of timber or other work upon forest lands shall be commenced without…
• § 4737 The board shall make regular examination of the properties of such corporations during the operating season at intervals of not more than two months apart.…
• § 4738 The operation of any corporation formed pursuant to this article shall, in addition to the requirements of this article, be subject to any stipulations or…