§ 15-4-914 - Amendment to articles of incorporation. - Arkansas Statutes

15-4-914. Amendment to articles of incorporation.

(a) A corporation organized under the provisions of this subchapter may amend its articles of incorporation by a majority vote of the stock, represented in person or by proxy at any regular meeting or at any special meeting of the holders of the common stock called for that purpose.

(b) The power to amend shall include the power to accomplish any desired change in the provisions of the articles of incorporation and to include any purpose, power, or provision authorized to be included in the original articles of incorporation or by any amendment to this subchapter.

(c) Articles of amendment signed by the president or vice president and attested by the secretary certifying to such amendment and its lawful adoption shall be executed, acknowledged, and filed with the Bank Commissioner and when approved by the State Banking Board recorded with a certificate of the commissioner approving the articles of amendment in the same manner as the original articles of incorporation.

(d) As soon as the commissioner shall issue his or her certificate of amendment, the amendment or amendments shall be in effect.