55-10-01. Authority to amend.
(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. (1901, c. 2, ss. 29,30,37; 1903, c. 510; Rev., ss. 1175, 1178; C.S., s. 1131; 1927, c. 142, G.S., s. 55-31; 1955, c. 1371, s. 1; 1959, c. 1316, s. 29; 1989, c. 265, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55 - North Carolina Business Corporation Act
Article 10 - Amendment of Articles of Incorporation and Bylaws.
§ 55-10-01 - Authority to amend.
§ 55-10-02 - Amendment by board of directors.
§ 55-10-03 - Amendment by board of directors and shareholders.
§ 55-10-04 - Voting on amendments by voting groups.
§ 55-10-05 - Amendment before issuance of shares.
§ 55-10-06 - Articles of amendment.
§ 55-10-07 - Restated articles of incorporation.
§ 55-10-09 - Effect of amendment.
§ 55-10-20 - Amendment by board of directors or shareholders.