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Call Now: 904-383-7448A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles is determined as of the effective date of the amendment.
(Code 1981, §14-3-1001, enacted by Ga. L. 1991, p. 465, § 1.)
- In light of the similarity of the statutory provisions, decisions under former § 14-3-150 are included in the annotations for this Code section.
- Fact that under original articles of incorporation, members of board of directors of nonprofit corporation could be removed from office, with or without cause, only by two-thirds' vote of entire board, did not preclude majority of board from amending articles of incorporation so as to entirely restructure board of directors and eliminate lifetime directorships. Morales v. Sevananda, Inc., 162 Ga. App. 854, 293 S.E.2d 387 (1982) (decided under former § 14-3-150).
- 18 Am. Jur. 2d, Corporations, § 78 et seq.
- 7 C.J.S., Associations, § 6. 10 C.J.S., Beneficial Associations, § 25. 18 C.J.S., Corporations, §§ 77, 78. 77 C.J.S., Religious Societies, §§ 15, 16.
- Applicability to corporations not organized for profit of statutes prescribing conditions under which foreign corporations may do business within state, 37 A.L.R. 1283.
Power of corporation to amend its charter in respect of character or kind of business, 111 A.L.R. 1525.
Power of corporation to change obligations to stockholders, 117 A.L.R. 1290.
No results found for Georgia Code 14-3-1001.