[§414-288]  Amendment pursuant to
reorganization.  (a)  A corporation's articles of incorporation may be
amended without action by the board of directors or shareholders to carry out a
plan of reorganization ordered or decreed by a court of competent jurisdiction
under federal statute, if the articles of incorporation after amendment contain
only provisions required or permitted by section 414-32.



(b)  The individual or individuals designated
by the court shall deliver to the department director for filing articles of
amendment setting 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 approving
the articles of amendment;



(4)  The title of the reorganization proceeding in
which the order or decree was entered; and



(5)  A statement that the court had jurisdiction of
the proceeding under federal statute.



(c)  Shareholders of a corporation undergoing
reorganization do not have dissenters' rights except as and to the extent
provided in the reorganization plan.



(d)  This section does not apply after entry of
a final decree in the reorganization proceeding even though the court retains
jurisdiction of the proceeding for limited purposes unrelated to consummation
of the reorganization plan. [L 2000, c 244, pt of §1]