§414D-185 - Amendment pursuant to judicial reorganization.
[§414D-185] Amendment pursuant to judicialreorganization. (a) A corporation's articles may be amended without boardapproval or approval by the members or approval required pursuant to section414D‑188 to carry out a plan of reorganization ordered or decreed by acourt of competent jurisdiction under federal statute if the articles afteramendment contain only provisions required or permitted by section 414D‑32.
(b) The individual or individuals designatedby the court shall deliver to the department director articles of amendmentsetting forth:
(1) The name of the corporation;
(2) The text of each amendment approved by the court;
(3) The date of the court's order or decree approvingthe articles of amendment;
(4) The title of the reorganization proceeding inwhich the order or decree was entered; and
(5) A statement that the court had jurisdiction ofthe proceeding under federal statute.
(c) This section shall not apply after entryof a final decree in the reorganization proceeding even though the courtretains jurisdiction of the proceeding for limited purposes unrelated toconsummation of the reorganization plan. [L 2001, c 105, pt of §1]