490.1001 - AMENDMENT OF ARTICLES OF INCORPORATION -- AUTHORITY TO AMEND.
490.1001 AMENDMENT OF ARTICLES OF INCORPORATION -- AUTHORITY TO AMEND. 1. A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in the articles of incorporation as of the effective date of the amendment or to delete a provision that is not required to be contained in the articles of incorporation. 2. A shareholder of the corporation does not have a vested property right resulting from any provision in the articles of incorporation, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.Section History: Recent Form
89 Acts, ch 288, §109; 2002 Acts, ch 1154, §54, 125