<?xml version='1.0' encoding='utf-8'?>
<section article="gca" article_name="Corporations and Associations" number="4-202" title_number="4" title_name="Close Corporations" subtitle_number="2" subtitle_name="Election to Be a Close Corporation">
  <level label="a">
    <text>Clear reference to the fact that the corporation is a close corporation shall appear prominently:</text>
    <level label="1">
      <text>At the head of the charter document in which the election to be a close corporation is made;</text>
    </level>
    <level label="2">
      <text>In each subsequent charter document of the corporation; and</text>
    </level>
    <level label="3">
      <text>On each certificate representing outstanding stock of the corporation.</text>
    </level>
  </level>
  <level label="b">
    <text>The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.</text>
  </level>
</section>
