(a) A corporation organized under this act may amend its articles of incorporation by a majority vote of the members present in person or by proxy at any regular meeting or at any special meeting of its members called for that purpose.
(b) The power to amend shall include the power to accomplish any desired change in the provisions of its articles of incorporation and to include any purpose, power, or provision which would be authorized to be included in original articles of incorporation if executed at the time the amendment is made.
(c) Articles of amendment, signed by the president or vice president and attested by the secretary certifying to such an amendment and its lawful adoption, shall be executed, acknowledged, filed, and recorded as the original articles of incorporation of a corporation organized under this act.
(d) As soon as the Secretary of State has accepted the articles of amendment for filing and issued a certificate of amendment, the amendments shall be in effect.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 5 - Industrial Development Corporations
§ 15-4-501. Purpose — Incorporators
§ 15-4-502. Articles of incorporation — Contents
§ 15-4-503. Articles — Signatures and acknowledgment of incorporators
§ 15-4-506. Beginning of corporate existence
§ 15-4-508. Filing corrected articles of incorporation
§ 15-4-511. Amendments to articles of incorporation
§ 15-4-513. Nonprofit operation — Payment of indebtedness
§ 15-4-514. Authority to borrow money, issue bonds, etc
§ 15-4-515. Exemption from Arkansas Securities Act
§ 15-4-517. Bond issue — Terms
§ 15-4-518. Security for bonds
§ 15-4-521. Sale of obligations
§ 15-4-522. Refunding obligations