Section 1
SECTION 1. Sections four and five of Act Numbered Fourteen hundred and fifty-nine, "The Corporation Law," are hereby reenacted as section four thereof, to read as follows: "SEC. 4. Corporators of a corporation are those who compose the corporation, whether stockholders or members, or both. Incorporators are those members or stockholders, or both, mentioned in the articles of incorporation as originally forming and composing the corporation. "The owners of shares in a corporation which has capital stock are called stockholders or shareholders. Corporators of a corporation which has no capital stock and corporators of a corporation who do not own capital stock are members."