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PART IX
AMENDMENTS TO ARTICLES OF INCORPORATION
Right to 81. A corporation may amend its articles of incorporation from
amend articles time to time in any and as many respects as may be desired,
of incorporation provided such amendment contains only such provisions as might
lawfully be contained in the original articles of incorporation filed
at the time of making such amendment.
Reduction of 82. Reduction of stated capital which is not authorized by action of
stated capital the board may be effected by an amendment of the articles of
by amendment incorporation, but no reduction of stated capital shall be made by
amendment unless after such reduction the stated capital exceeds
the aggregate preferential amount payable upon involuntary
liquidation upon all issued shares having preferential rights in
assets plus the par value of all other issued shares with par value.

 

 

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