Indiana § 27-1-8-4 Form and content of articles of amendment

Indiana Statutes

§ 27-1-8-4 — Form and content of articles of amendment

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 8 Procedures for Amending Articles of Incorporation

Upon the proposal and adoption of any amendment to the articles of incorporation, there shall be executed articles of amendment setting forth the following:

(a)The amendment so adopted;

(b)The manner of its adoption and the vote by which it was adopted;

(c)In the case of a stock corporation;

(1)If the total authorized amount or number of shares is increased by such amendment, a statement of the shares authorized before the amendment and a statement of the additional shares authorized by the amendment;

(2)If the total authorized amount or number of shares is reduced by such amendment, a statement of the shares authorized before the amendment and the amount of the shares that has been issued, and a statement of the reduction authorized by the amendment and the manner in which the reduct

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Upon the proposal and adoption of any
amendment to the articles of incorporation, there shall be executed
articles of amendment setting forth the following:
(a) The amendment so adopted;
(b) The manner of its adoption and the vote by which it was
adopted;
(c) In the case of a stock corporation;
(1) If the total authorized amount or number of shares is increased
by such amendment, a statement of the shares authorized before the
amendment and a statement of the additional shares authorized by the
amendment;
(2) If the total authorized amount or number of shares is reduced by
such amendment, a statement of the shares authorized before the
amendment and the amount of the shares that has been issued, and a
statement of the reduction authorized by the amendment and the
manner in which the reduction shall be effected; and
(3) If any change is made in the shares without increasing or
reducing the total authorized amount or number of shares, a statement
of the shares authorized before the amendment and the amount of the
shares that has been issued, and a statement of the change to be made
by the amendment and the manner in which the change shall be
effected.
Formerly: Acts 1935, c.162, s.104. As amended by
P.L.136-2018, SEC.152.