Section 450.2601 - Amendment of articles of incorporation; contents.
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.2601 Amendment of articles of incorporation; contents.
Sec. 601.
(1) A corporation may amend its articles of incorporation if the amendment contains only such provisions as might lawfully be contained in original articles of incorporation filed at the time of making the amendment.
(2) Subject to section 301(5), a corporation may amend its articles of incorporation to become a business corporation by adopting restated articles of incorporation in accordance with section 641 which shall so amend the articles that they shall contain only such provisions as might be lawfully contained in original articles of incorporation of a business corporation organized under Act No. 284 of the Public Acts of 1972, as amended, being sections 450.1101 to 450.2099 of the Michigan Compiled Laws.
History: 1982, Act 162, Eff. Jan. 1, 1983