§ 10.02.
196 words·~1 min read·
/vt/10-02A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 10.02. Amendment by board of directors
Unless the articles of incorporation provide otherwise, a corporation’s board of directors may adopt one or more amendments to the corporation’s articles of incorporation without shareholder action:
(1)to extend the duration of the corporation if it was incorporated at a time when limited duration was required by law;
(2)to delete the names and addresses of the initial directors;
(3)to delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the Secretary of State;
(4)to change each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only shares of that class outstanding;
(5)to change the corporate name by substituting the word “corporation,” “incorporated,” “company,” “limited,” or the abbreviation “corp.,” “inc.,” “co.,” or “ltd.,” for a similar word or abbreviation in the name, or by adding, deleting, or changing a geographical attribution for the name; or
(6)to make any other change expressly permitted by this title to be made without shareholder action. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)