155.120 Amendment of articles of incorporation.

149 words·~1 min read·/ky/chapter-155/155-120

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Articles of incorporation may be amended by the votes of the stockholders and the

members of the corporation, voting separately by classes, and such amendments

shall require approval by the affirmative vote of two-thirds (2/3) of the votes to

which the stockholders are entitled and two-thirds (2/3) of the votes to which the

members are entitled; provided, that no amendment of the articles of incorporation

which is inconsistent with the general purposes expressed herein or which

authorizes any additional class of capital stock to be issued, shall be made.

(2)Within thirty

(30)days after any meeting at which amendment of the articles of

incorporation has been adopted, articles of amendment signed and sworn to by the

president, treasurer and a majority of the directors, setting forth such amendment

and the due adoption thereof, shall be submitted to the Secretary of State, as

provided in KRS Chapter 271B.