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Articles of Amendment are filed when your business needs to add to, change or otherwise update the information you originally provided in your Articles of Incorporation or Articles of Organization.
Changing articles of incorporation often means changing things like agent names, the businesses operating name, addresses, and stock information. The most common reason that businesses change the articles of incorporation is to change members' information.
Any corporation may for legitimate corporate purpose or purposes amend its articles of incorporation by a majority vote of its board of directors or trustees and the vote or written assent of two-thirds of its members if it be a non-stock corporation, or if it be a stock corporation, by the vote or written assent of
As can be gleaned from the foregoing, there are three (3) basic requirements for amending the Articles of Incorporation, namely:Majority vote of the board of directors.Written assent of the stockholders representing at least 2/3 of the outstanding capital stock.Approval by the Securities and Exchange Commission.
To amend the articles of incorporation, file Form DBU-2 Articles of Amendment of Domestic For-Profit Corporation with the District of Columbia Department of Consumer & Regulatory Affairs, Corporations Division (DCRA). The District of Columbia DCRA requires corporation amendments to have original signatures.
Depending on the state in which the business is incorporated, unanimous agreement from all the shareholders may be required to change the articles of incorporation. Most states have changed this older, common law rule, and now only require a majority of shareholders to agree to change the articles of incorporation.
Note: The California Corporations Code prohibits any amendment of Articles of Incorporation altering the statement of the name and address of the initial agent for service of process.
A corporation may change its name by merely amending its charter in the manner prescribed by law. The change of name of the corporation does not result in dissolution. The changing of the name of a corporation is no more the creation of a corporation than the changing of the name of a natural person.
When must you amend your entity's formation documents?Changes to the entity's name.Changes in the entity's purpose.Changes in the number of authorized shares of a corporation.Changes in the type/class/series of authorized shares of a corporation.More items...
SEC. The articles of incorporation of a nonstock corporation may be amended by the vote or written assent of majority of the trustees and at least two-thirds (2/3) of the members. The original and amended articles together shall contain all provisions required by law to be set out in the articles of incorporation.