§ 7-110-101 — Authority to amend articles of incorporation

(1) 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 or to delete a provision
not required in the articles of incorporation. Whether a provision is required or
permitted in the articles of incorporation is determined as of the effective date of
the amendment.

(2) A shareholder does not have a vested property right resulting from any
provision in the articles of incorporation, including any provision relating to
management, control, capital structure, dividend entitlement, purpose, or duration
of the corporation.

Legislative History

Source: L. 93: Entire article added, p. 794, � 1, effective July 1, 1994.