Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-2A-10.01 - Authority to amend

Section 10A-2A-10.01 - Authority to amend.

(a) A corporation may amend its certificate of incorporation at any time to add or change a provision that is required or permitted in the certificate of incorporation as of the effective date of the amendment or to delete a provision that is not required to be contained in the certificate of incorporation. Whether a provision is required or permitted in the certificate of incorporation is determined as of the effective date of the amendment.

(b) A stockholder of the corporation does not have a vested property right resulting from any provision in the certificate of incorporation, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.

(Act 2019-94, §1.)

Last modified: May 3, 2021