(a) 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 or to delete a provision not required in the articles of incorporation. Whether a provision is required or permitted in the articles of incorporation is determined as of the effective date of the amendment.
(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.
Section: 14-2-1001 14-2-1002 14-2-1003 14-2-1004 14-2-1005 14-2-1006 14-2-1006.1 14-2-1007 14-2-1008 14-2-1009 NextLast modified: October 14, 2016