Maine Approval of amendment to articles of incorporation to permit certain uses of distributions from capital surplus

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US-CC-4-188C
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This sample form, a detailed Approval of Amendment to Articles of Incorporation to Permit Certain Uses of Distributions from Capital Surplus document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

A corporation, sometimes called a C corp, is a legal entity that's separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.

If you want to change the name of your Maine LLC, you have to go through a legal process known as an amendment.

The Articles of Incorporation are like the constitution of the corporation that provides a broad framework for its establishment, whereas the bylaws can be likened to the individual laws that must be consistent with the Articles of Incorporation.

Like a constitution, a corporation's certificate of incorporation may be amended at any point in the future. It is not a "forever" contract. A board of directors together with the corporation's stockholders can amend a certificate of incorporation.

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.

Probably the two most common reasons for amending the Articles are to effect: a change of the name, and. a change of the purpose statement.

How to Amend Articles of Association Review Existing Articles of Association. ... Propose Amendments. ... Hold a Meeting to Pass a Resolution. ... File Amended Articles of Association. ... Update Internal Records.

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Maine Approval of amendment to articles of incorporation to permit certain uses of distributions from capital surplus