35-14-1001. Authority to amend. (1) 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 as of the effective date of the amendment or to delete a provision that is not required to be contained in the articles of incorporation.
(2) 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.
History: En. Sec. 149, Ch. 271, L. 2019.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act
Part 10. Amendment of Articles of Incorporation and Bylaws
35-14-1001. Authority to amend
35-14-1002. Amendment before issuance of shares
35-14-1003. Amendment by board of directors and shareholders
35-14-1004. Voting on amendments by voting groups
35-14-1005. Amendment by board of directors
35-14-1006. Articles of amendment
35-14-1007. Restated articles of incorporation
35-14-1008. Amendment pursuant to reorganization
35-14-1009. Effect of amendment
35-14-1010. through 35-14-1019 reserved
35-14-1020. Authority to amend
35-14-1021. Bylaw increasing quorum or voting requirement for directors
35-14-1022. Bylaw provisions relating to election of directors