A. The board of directors of a corporation may authorize correction of any articles filed with the Commission if (i) the articles contain an inaccuracy; (ii) the articles were not properly authorized or defectively executed, attested, sealed, verified, or acknowledged; or (iii) the electronic transmission of the articles to the Commission was defective.
B. Articles are corrected by filing with the Commission articles of correction setting forth:
1. The name of the corporation prior to filing;
2. A description of the articles to be corrected, including their effective date;
3. Each inaccurate or defective matter that is to be corrected;
4. The correction of each inaccurate or defective matter; and
5. A statement that the board of directors authorized the correction and the date of such authorization.
C. Upon the issuance of a certificate of correction by the Commission, the articles of correction shall become effective as of the effective date and time of the articles they correct except as to persons relying on the uncorrected articles and adversely affected by the correction. As to those persons, articles of correction are effective upon the issuance of the certificate of correction.
D. No articles of correction shall be accepted by the Commission when received more than 30 days after the effective date of the certificate relating to the articles to be corrected.
1985, c. 522; 2007, c. 925; 2008, cc. 91, 509.
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