Section 10.01 Authority to amend - Massachusetts Statutes

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Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER156D > Section1001

Section 10.01. AUTHORITY TO AMEND

(a) A corporation may amend its articles of organization at any time to add or change a provision that is required or permitted in the articles of organization as of the effective date of the amendment or to delete a provision not required in the articles of organization.

(b) A shareholder of the corporation shall not have a vested property right resulting from any provision in the articles of organization, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER156D > Section1001

Section 10.01. AUTHORITY TO AMEND

(a) A corporation may amend its articles of organization at any time to add or change a provision that is required or permitted in the articles of organization as of the effective date of the amendment or to delete a provision not required in the articles of organization.

(b) A shareholder of the corporation shall not have a vested property right resulting from any provision in the articles of organization, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.

State Codes and Statutes

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State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER156D > Section1001

Section 10.01. AUTHORITY TO AMEND

(a) A corporation may amend its articles of organization at any time to add or change a provision that is required or permitted in the articles of organization as of the effective date of the amendment or to delete a provision not required in the articles of organization.

(b) A shareholder of the corporation shall not have a vested property right resulting from any provision in the articles of organization, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.