§414D-182 - Procedure to amend articles of incorporation.
[§414D-182] Procedure to amend articles of incorporation. (a) Amendments to the articles of incorporation shall be made in the following manner:
(1) If any members are entitled to vote on an amendment, the board of directors shall adopt a resolution setting forth the proposed amendment and directing that it be submitted to a vote at an annual or special meeting of the members. Written notice setting forth the proposed amendment or a summary of the changes to be effected thereby shall be given to each member entitled to vote at the meeting within the time and in the manner provided in this chapter for the giving of notice of meetings to members. The proposed amendment shall be adopted upon receiving at least two-thirds of the votes which members present at the meeting or represented by proxy are entitled to cast; and
(2) If there are no members or no members entitled to vote thereon, an amendment shall be adopted at a meeting of the board of directors upon its receiving the vote of a majority of the directors in office.
(b) Any number of amendments may be submitted and voted upon at any one meeting. [L 2001, c 105, pt of §1]