79-19-15 - Amendments to articles of association.
§ 79-19-15. Amendments to articles of association.
Any amendment to the articles of association must first be approved by a vote of not less than two-thirds (2/3) of all the members of the board of directors. Such proposed amendment shall then be submitted to either a regular or a special meeting of the members of the association, and its adoption shall require a majority vote of all the members present at any membership meeting duly called and held; provided, however, that notice of such meeting and a statement of the substance of the proposed amendment shall be mailed or delivered by hand to all members of the association at least fifteen (15) days prior to the date of such meeting. Amendments to the articles of association when so adopted shall be certified to by the president and secretary of the association and shall be filed with the secretary of state. Such certification and filing shall be conclusive evidence of the validity of such amendment.
Sources: Codes, 1930, § 4106; 1942, § 4501; Laws, 1922, ch. 179; Laws, 1964, ch. 261, eff from and after passage (approved March 11, 1964).