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How to Amend Articles of Incorporation Review the bylaws of the corporation. ... A board of directors meeting must be scheduled. ... Write the proposed changes. ... Confirm that the board meeting has enough members attending to have a quorum so the amendment can be voted on. Propose the amendment during the board meeting.
Pennsylvania Business Corporation Law of 1988 defines Corporation or Domestic Corporation as a corporation incorporated for profit under the rules of the Commonwealth of Pennsylvania. One or more corporations for profit or not-for-profit or natural persons of full age may incorporate a business corporation.
The 1987 Act establishes simple and flexible corporate character- istics and requires the affirmative election of restrictive characteris- tics. The 1965 Act is considerably more prescriptive as to corporate characteristics.
Bylaws. (a) The incorporators or board of directors of a corporation shall adopt bylaws for the corporation. (b) The bylaws may contain any provision for regulating and managing the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
The Arkansas Nonprofit Corporation Act of 19931 (hereinafter the "Act") creates a comprehensive corporate code which applies to all Arkansas nonprofit corporations incorporated after 1993.2 Nonprofits chartered before 1994 may elect to become subject to the provisions of the Act by amending their articles of ...
The Division completes most filings such as articles of incorporation, amendments, mergers or dissolutions within two business days of receipt.
The MBCA offers an opportunity for states to bring about uniformity in the corporate laws so that it becomes easier for corporations to operate in multiple states. In addition to legal uniformity, it promotes the use of identical terminology in different state laws, making it easier to interpret.