Code of Virginia § 13.1-705. Authority to amend articles of incorporation.
106 words·~1 min read·
/va/title-13-1/chapter-9/13-1-705A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 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.
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, purpose, or duration of the corporation.
Code 1950, § 13.1-55; 1956, c. 428; 1958, c. 564; 1985, c. 522; 2019, c. 734 .