§ 10-1002 Amendment by board of directors

AZ Rev Stat § 10-1002 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

10-1002. Amendment by board of directors

Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt one or more amendments to the corporation's articles of incorporation without shareholder action to either:

1. Extend the duration of the corporation if it was incorporated at a time when limited duration was required by law.

2. Delete the names and addresses of the initial directors.

3. Delete the name and address of the initial statutory agent or known place of business, if a statement of change is on file with the commission.

4. Change each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only shares of that class outstanding, with all shares of the class being treated identically.

5. Change the corporate name by substituting the word " corporation" , " incorporated" , " company" or " limited" or the abbreviation " corp." , " inc." , " co." or " ltd." for a similar word or abbreviation in the name or by adding, deleting or changing a geographical attribution for the name.

6. Make any other change expressly permitted by chapters 1 through 17 of this title to be made without shareholder action.

Previous Section

§ 10-1001 Authority to amend

Next Section

§ 10-1003 Amendment by board of directors and shareholders