Amendment by Board of Directors

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: (a) To extend the duration of the corporation if it was incorporated at a time when limited duration was required by law; (b) To delete the names and addresses of the initial directors; (c) To delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the Registrar of Corporations; (d) To 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; (e) To change the corporate name by substituting the word “corporation,” “incorporated,” “company,” “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; or (f) To make any other change expressly permitted by this part to be made without shareholder action. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 10.02).