PART XI. 
AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS



 



A.  Amendment
of Articles of Incorporation



 



[§414-281]  Authority to amend.  (a)  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.



(b)  A shareholder of the corporation does not
have a vested property right resulting from any provision in the articles of
incorporation, including provisions relating to management, control, capital
structure, dividend, entitlement, or purpose or duration of the corporation. [L
2000, c 244, pt of §1]