Articles Of Incorporation Delete Text For Free

An incorporator is the individual or entity listed in the Articles of Incorporation as the entity that formed the corporation. There is no way to remove an incorporator.If you don't have a shareholder agreement, refer to your corporate bylaws to determine the method of transferring shares.

In Texas, two-thirds of all shareholders must approve the amendment unless otherwise specified in the articles of incorporation. Complete Texas Form 424, Certificate of Amendment, stating the amendment. On the form, you must include the name of the corporation, the type of entity and the amendment itself.

Review state laws and the corporation's shareholder agreement and company bylaws. Prepare a corporate resolution for review by the board of directors or investors. Remove the individual as an officer or director, if applicable. Purchase the departing shareholder's shares and cancel the stock certificate.

How to Amend Articles of IncorporationReview 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.More items...

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.

Generally, any time you make a change to information reported in your initial formation documents, you will need to file an amendment to those documents.

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.