REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in the articles of incorporation or to delete a provision not required in the articles of incorporation. Whether a provision is required or permitted in the articles of incorporation is determined as of the effective date of the amendment.
(b) A shareholder of the corporation does not have a vested property right resulting from any provision in the articles of incorporation, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 10 - Amendment of Articles of Incorporation and Bylaws.
Division A - Amendment of Articles of Incorporation.
Section 10A-2-10.01 - Authority to Amend Articles of Incorporation.
Section 10A-2-10.02 - Amendment by Board of Directors.
Section 10A-2-10.03 - Amendment by Board of Directors and Shareholders.
Section 10A-2-10.04 - Voting on Amendments by Voting Groups.
Section 10A-2-10.05 - Amendment Before Issuance of Shares.
Section 10A-2-10.06 - Articles of Amendment.
Section 10A-2-10.07 - Restated Articles of Incorporation.