47-1A-1001. Authority to amend.
90 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1001·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 as of the effective date of the amendment or to delete a provision that is not required to be contained in the articles of incorporation.
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.