Indiana Code 23-17-17-3. Adding or changing required or permitted provision; deleting provision not required
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Sec. 3. (a) A corporation may amend the corporation’s articles of incorporation to do any of the following:
(2) Delete a provision not required in the articles.
(1) Add or change a provision that is required or permitted in the articles.
Terms Used In Indiana Code 23-17-17-3
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) Whether a provision is required or permitted in the articles must be determined as of the effective date of the amendment.
As added by P.L.179-1991, SEC.1.