§ 23B.10.010. Authority to amend articles of incorporation
(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 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.
(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.
[1989 c 165 § 120.]
Sections: 23B.10.010 23B.10.012 23B.10.020 23B.10.030 23B.10.040 23B.10.050 23B.10.060 23B.10.070 23B.10.080 23B.10.090 23B.10.200 23B.10.205 23B.10.210 NextLast modified: April 7, 2009