[§414-288]  Amendment pursuant toreorganization.  (a)  A corporation's articles of incorporation may beamended without action by the board of directors or shareholders to carry out aplan of reorganization ordered or decreed by a court of competent jurisdictionunder federal statute, if the articles of incorporation after amendment containonly provisions required or permitted by section 414-32.

(b)  The individual or individuals designatedby the court shall deliver to the department director for filing articles ofamendment 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 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)  Shareholders of a corporation undergoingreorganization do not have dissenters' rights except as and to the extentprovided in the reorganization plan.

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