§266. Scope of Chapter
This Chapter does not apply to:
(1) Any corporation organized for any purpose involving pecuniary profit or gain to its shareholders or members, or which pays dividends or similar pecuniary remuneration;
(2) Co-operative marketing or credit associations or corporations organized under the provisions of Title 3;
(3) Any corporation transacting any type of insurance business; or
(4) Foreign corporations, whether business or nonprofit, except where reference is made to such corporations.
Acts 1968, No. 105, §1.