35-2-133. (Temporary) Interim designation. (1) Each domestic corporation not designated pursuant to 35-2-126 is designated as follows:
     (a) a corporation that is organized primarily or exclusively for religious purposes is a religious corporation;
     (b) a corporation that is not provided for under the provisions of subsection (1)(a) but that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation;
     (c) a corporation that is not provided for under the provisions of subsection (1)(a) or (1)(b), but that is organized for a public or charitable purpose and that, upon dissolution, shall distribute its assets to a public benefit corporation, the United States, a state, or a person that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation; and
     (d) a corporation that is not provided for under the provisions of subsection (1)(a), (1)(b), or (1)(c) is a mutual benefit corporation.
     (2) Foreign corporations authorized to transact business in this state but not designated pursuant to 35-2-126 are designated as a public benefit corporation, mutual benefit corporation, or religious corporation in accordance with the provisions of subsection (1). (Terminates January 1, 1996--sec. 181, Ch. 411, L. 1991.)

     History: En. Sec. 173, Ch. 411, L. 1991.