§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.