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Code · Massachusetts · Part I — ADMINISTRATION OF THE GOVERNMENT · Title XXII — CORPORATIONS · Chapter 156D

Section 10.01: Authority to amend

92 words·~1 min read·/ma/part-i/title-xxii/chapter-156d/10·

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Section 10.01. AUTHORITY TO AMEND
(a)A corporation may amend its articles of organization at any time to add or change a provision that is required or permitted in the articles of organization as of the effective date of the amendment or to delete a provision not required in the articles of organization.
(b)A shareholder of the corporation shall not have a vested property right resulting from any provision in the articles of organization, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.
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