A. The Department shall encourage and assist in creation and operation of shared foreign sales corporations to benefit businesses in this state.
B. The Department may:
1. Develop model shared foreign sales corporations, including model bylaws, operation manuals, form contracts, a model certificate of incorporation and other appropriate aids that businesses may use in creating and operating shared foreign sales corporations;
2. Provide information and counseling to businesses relating to state, federal, and international law governing shared foreign sales corporations;
3. Provide accounting information and counseling to businesses in connection with creation and operation of shared foreign sales corporations; and
4. Provide other information and assistance necessary to the creation and operation of shared foreign sales corporations to benefit businesses in the state.
Added by Laws 1987, c. 214, § 12, eff. Nov. 1, 1987.
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