Texas Business Corporation Act - Article 4.01. Right To Amend Articles Of Incorporation
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Art. 4.01. Right to Amend Articles of Incorporation
A. A corporation may amend its articles of incorporation, from time
to time, in any and as many respects as may be desired, so long as
its articles of incorporation as amended contain only such
provisions as might be lawfully contained in original articles of
incorporation at the time of making such amendment, and, if a change
in shares or the rights of shareholders, or an exchange,
reclassification, subdivision, combination, or cancellation of
shares or rights of shareholders is to be made, such provisions as
may be necessary to effect such change, exchange, reclassification,
subdivision, combination, or cancellation.
B. 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.
C. Repealed by Acts 1975, 64th Leg., p. 322, ch. 134, Sec. 22, eff.
Sept. 1, 1975.
Acts 1955, 54th Leg., p. 239, ch. 64, eff. Sept. 6, 1955. Amended by
Acts 1973, 63rd Leg., p. 1504, ch. 545, Sec. 29, eff. Aug. 27, 1973;
Acts 1975, 64th Leg., p. 316, ch. 134, Sec. 14, 22, eff. Sept. 1,
1975; Acts 1981, 67th Leg., p. 3115, ch. 818, Sec. 6, eff. Aug. 31,
1981; Acts 1991, 72nd Leg., ch. 901, Sec. 20, eff. Aug. 26, 1991.
Sec. A amended by Acts 2003, 78th Leg., ch. 238, Sec. 21, eff. Sept.
1, 2003.
Article: 2.43 2.44 3.01 3.02 3.03 3.04 3.06 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08
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Last modified: August 10, 2007
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