§ 41-10-86 — Amendment of Certificate of Incorporation

Alabama § 41-10-86

• Jurisdiction: Alabama
• Title 41: State Government
• Ch. 10: Authorities
• Art. 4: State Products Mart and Coliseum Authorities

Text

The certificate of incorporation may at any time and from time to time be amended so as to make any change therein and add any provision thereto which might have been included in the certificate of incorporation in the first instance.
Any such amendment shall be effected in the following manner: The members of the board of directors of the corporation shall file with the governing body an application in writing seeking permission to amend the certificate of incorporation, specifying in such application the amendment proposed to be made. Such governing body shall consider such application and, if it shall by appropriate resolution duly find and determine that it is wise, expedient, necessary, or advisable that the proposed amendment be made and shall authorize the same to be made and shall approve the form of the proposed amendment, then the persons making such application shall execute an instrument embodying the amendment specified in such application and shall file the same with the judge of probate of the county in which the certificate of incorporation was originally filed. The proposed amendment shall be subscribed and acknowledged by each member of the board before an officer authorized by the laws of Alabama to take acknowledgments to deeds. Such judge of probate shall thereupon examine the proposed amendment and, if he or she finds that the requirements of this section have been complied with and that the proposed amendment is within the scope of what might properly be included in an original certificate of incorporation, he or she shall approve the amendment and record it in an appropriate book in his or her office. When such amendment has been so made, filed, and approved, it shall thereupon become effective, and the certificate of incorporation shall thereupon be amended as provided in the amendment.
No certificate of incorporation shall be amended except in the manner provided in this section.

Legislative History

(Acts 1965, 1st Ex. Sess., No. 174, p. 224, §7.)